Marcus & Millichap is excited to present Forestdale MHC, a 185-unit manufactured home community located in the vibrant city of Birmingham, AL. This community offers significant upside potential. The city of Birmingham has a population of approximately 200,000, while the Birmingham AL MSA boasts a population of 1.1 million and continues to grow steadily. Strategically positioned, Birmingham benefits from its central location i n Alabama, proximity to major highways, and a strong regional economy, making it an attractive market for future development initiatives. Forestdale MHC has 185 units including 87 tenant owned homes (TOH, 4 rented park owned homes (POH and 2 vacant POH that are leased from Legacy Housing Corp, 1 office unit and 91 vacant MH lots. The average lot rental rate is $391 per month and the average POH rental rate is $395 per month, indicating the significant opportunity to increase revenues due to a limited affordable housing supply and growing demand in this market. The community operates on public water and private sewer that is maintained by the park. Tenants are responsible for water, electric, gas/propane and cable services. Trash is serviced by dumpsters and paid for by the landlord. Roads are privately maintained and in average condition. Additionally, recent tree trimming and general park beautification projects have been completed and now provide added convenience and safety for tenants, making this community an even more attractive living environment. Forestdale MHC is currently managed by an on-site manager who oversees day-to-day operations. The sewer pond is in a flood zone, which has been mitigated by a high berm around the pond. Additionally, there are 17 lots also in the flood zone. The property is not in an opportunity zone. With 50% occupancy, below-market rents and a substantial infill opportunity, this property presents a compelling investment opportunity in a very strong market in Alabama and the Southeast. We are asking investors to submit their offers at $4,000,000. All offers must include price, inspection timelines, appropriate terms, proof of funds, a list of due diligence required from owners, and relevant real estate experience.