Tingley Lake Estates | 11800 Tingley Ln
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Tingley Lake Estates 11800 Tingley Ln
54 Unit Mobile Home Park £2,845,325 (£52,691/Unit) 8.10% Net Initial Yield Klamath Falls, OR 97603
Investment Highlights
- ~8% Cap Rate & $65k Per Space~
- Upside in renting out RV Storage & approved permitting for 15 additional RV Sites
- Site Features Private Tingley Lake, wonderful amenity for tenants
- New 19,000 sq ft amazon facility in Klamath Falls & $162 Million infrastructure passed to restore Klamath's' ecosystem & local economies
Executive Summary
Tingley Lake Estates is a well-cared for 55+ Community located in the picturesque setting of Klamath Falls, Oregon that surrounds a private Lake. The Property consists of 40 mobile homes sites (all tenant owned), 14 monthly full-time RV Sites, Large RV storage building and workshop that is on a 39.09-acre parcel.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£279,611
|
£279.61
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£279,611
|
£279.61
|
| Taxes |
£5,788
|
£5.79
|
| Operating Expenses |
£43,235
|
£43.23
|
| Total Expenses |
£49,022
|
£49.02
|
| Net Operating Income |
£230,589
|
£230.59
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | £279,611 |
| Annual Per SF | £279.61 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £279,611 |
| Annual Per SF | £279.61 |
| Taxes | |
|---|---|
| Annual | £5,788 |
| Annual Per SF | £5.79 |
| Operating Expenses | |
|---|---|
| Annual | £43,235 |
| Annual Per SF | £43.23 |
| Total Expenses | |
|---|---|
| Annual | £49,022 |
| Annual Per SF | £49.02 |
| Net Operating Income | |
|---|---|
| Annual | £230,589 |
| Annual Per SF | £230.59 |
Property Facts
| Price | £2,845,325 | Property Subtype | Manufactured Housing/Mobile Home |
| Price Per Unit | £52,691 | Lot Size | 39.09 AC |
| Sale Type | Investment | Building Size | 1,000 SF |
| Net Initial Yield | 8.10% | Average Occupancy | 100% |
| No. Units | 54 | Number of Floors | 1 |
| Property Type | Residential | Year Built | 1980 |
| Price | £2,845,325 |
| Price Per Unit | £52,691 |
| Sale Type | Investment |
| Net Initial Yield | 8.10% |
| No. Units | 54 |
| Property Type | Residential |
| Property Subtype | Manufactured Housing/Mobile Home |
| Lot Size | 39.09 AC |
| Building Size | 1,000 SF |
| Average Occupancy | 100% |
| Number of Floors | 1 |
| Year Built | 1980 |
Site Amenities
- Property Manager on Site
- Walking/Biking Trails
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| Studios | 40 | - | - |
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Northwest Park Brokerage
Tingley Lake Estates | 11800 Tingley Ln
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