11800 Tingley Ln Klamath Falls, OR 97603
- Retirement homes
- 39.09 lot acres
Current Use by Public Records
- Tingley Lake Estates / Rv Park / Tourist Attraction
Property Details for 11800 Tingley Ln
- Year built
- 1980
- Lot size
- 39.09 lot acres
- Property type
- Retirement homes
- Property subtype
- Mobile home & RV parks
Description
This exceptional investment opportunity presents a well-maintained 55+ mobile home community and RV park in Klamath Falls, Oregon. The property, situated on 39.09 acres, encompasses 54 total spaces: 40 tenant-owned mobile home sites and 14 long-term monthly RV sites. Built in 1980 and renovated in 2020, the property boasts a strong financial performance, with a current NOI of $269,937 and a 7.60% cap rate. The asking price is $3,550,000, translating to $65,740.74 per pad. Current monthly rents range from $480 to $520 for mobile home sites, inclusive of water, sewer, and garbage
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Klamath Falls
- County
- Klamath
- State
- Oregon
- Longitude
- -121.779
- Latitude
- 42.117