MHRE closed on Woodmont Trailer Park in Farmington Hills, MI to an undisclosed buyer for a undisclosed price. Woodmont Trailer Park is a 2-star community, built in 1952 with 32 sites and 1 apartment. Included in the sale were 21 homes of which 13 were leased and 8 vacant. MHRE represented the buyer.
Christopher Nortley, Managing Partner with MHRE commented “Woodmont was a mis-managed property that needed an infusion of capital and a new vision. With a Class A location, only 4 blocks from Beumont Hospital, which currently is in the process of a $160,000,000 expansion, makes the community ideal to be converted to a senior community.”
MHRE Inc. specializes in the sale of family and age-restricted manufactured home and RV communities across the country. Please contact us if you have any questions about this press release or are looking to buy or sell manufactured home communities.
Size (acres): 1.82 +/-
Average Rent: $375
Total # Sites: 33
Total Price: Undisclosed
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