11800 Tingley LnKlamath Falls, OR 97603

Property Details for 11800 Tingley Ln

Year built

1980

Lot size

39.09 AC

Property type

Residential income properties

Property subtype

Retirement homes

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

Location Insight

City

Klamath Falls

County

Klamath

State

Oregon

Latitude

42.117

Longitude

-121.779

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