Tingley Lake Estates is a 54 Space Senior 55+ Community located in Klamath Falls, OR that surrounds a private Lake. Park operates on septic and well and is on 39.09 acres. The Property consists of 40 mobile homes sites (all tenant owned), 14 monthly full-time RV Sites, Large RV storage building and workshop. Owner has all approved permitting for an additional 15 unit RV expansion.
Current Space rents are $480-$520, with all mobile sites tenant owned. Lot rent includes water (well) and sewer (septic) and garbage. Electricity and cable are directly billed to tenants. The last rent increase was for $40 that went into effect January 2024. The 14 RV spaces are currently rented on long-term monthly basis at $495/month with electricity sub-metered and billed monthly.
Upside includes raising rents, advertising RV storage area as it is currently offered for tenants use at no charge and potential expansion of RV as sellers have approved plans for additional 15 RV spaces.
LOCATION:
Located in the south-central region of Oregon and bordering northern California, Klamath Falls sits on the eastern slopes of the Cascade Mountains and enjoys nearly 300 days of sunshine each year. The City of Klamath Falls has a population of approximately 42,000. Once known for timber, the economy of Klamath County has diversified. Healthcare, including Asante Health System and Providence Medical Center.
