For Sale
$3,550,000

11800 Tingley LnKlamath Falls, OR 97603

Klamath Falls, OR Mobile Home Park

Overview

Added:
Dec 11, 2024
Days on market:
114
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

Highlights

  • 40 mobile home spaces and 14 long-term RV sites.
  • Includes RV storage and a workshop.
  • 39.09-acre parcel.
  • Utilities consist of a septic system and well.
  • Significant upside potential through approved permits for 15 additional RV spaces and below-market rents/storage rates.

Property Details for 11800 Tingley Ln

Property type
Retirement homes, Mobile home & RV parks
Class
B
Year Built/Renovated
1980/2020
Buildings
1
Lot Size (sq. ft)
1,702,760 SF
Units
54

Location Insight

City
Klamath Falls
County
Klamath
State
Oregon
Latitude
42.116982
Longitude
-121.779171
11800 Tingley Ln, Klamath Falls, Oregon

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11800 Tingley Ln
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