Tingley Lake Estates | 11800 Tingley Ln
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Tingley Lake Estates 11800 Tingley Ln
54 Unit Mobile Home Park $5,099,398 CAD ($94,433 CAD/Unit) 8.10% Cap Rate 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 (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$501,120
|
$501.12
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$501,120
|
$501.12
|
| Taxes |
$10,373
|
$10.37
|
| Operating Expenses |
$77,485
|
$77.48
|
| Total Expenses |
$87,858
|
$87.86
|
| Net Operating Income |
$413,262
|
$413.26
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $501,120 |
| Annual Per SF | $501.12 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $501,120 |
| Annual Per SF | $501.12 |
| Taxes (CAD) | |
|---|---|
| Annual | $10,373 |
| Annual Per SF | $10.37 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $77,485 |
| Annual Per SF | $77.48 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $87,858 |
| Annual Per SF | $87.86 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $413,262 |
| Annual Per SF | $413.26 |
Property Facts
| Price | $5,099,398 CAD | Property Subtype | Manufactured Housing/Mobile Home |
| Price Per Unit | $94,433 CAD | Lot Size | 39.09 AC |
| Sale Type | Investment | Building Size | 1,000 SF |
| Cap Rate | 8.10% | Average Occupancy | 100% |
| No. Units | 54 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1980 |
| Price | $5,099,398 CAD |
| Price Per Unit | $94,433 CAD |
| Sale Type | Investment |
| Cap Rate | 8.10% |
| No. Units | 54 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Lot Size | 39.09 AC |
| Building Size | 1,000 SF |
| Average Occupancy | 100% |
| No. Stories | 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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Tingley Lake Estates | 11800 Tingley Ln
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