Forestdale MHP
Mobile Home Park | 9% C
Marketing description
JEFFERSON COUNTY, AL - The MHP Broker is proud to offer Forestdale MHC, a 178-pad community located in the Birmingham, Alabama MSA — one of the Southeast’s more reliable and investor-friendly markets. Birmingham is supported by a diverse employment base across healthcare, manufacturing, logistics, and education, with major employers like UAB, Regions Financial, and Mercedes-Benz helping drive steady demand for affordable housing. Combined with strong accessibility via major interstates and a favorable cost of living, the area continues to attract both residents and capital, making it an attractive market for long-term investment.
The property consists of 178 pads and is serviced by city water, with a privately maintained lagoon system.
The community includes 90 tenant-owned homes (TOH) and 8 POH, of which 6 are newer-model Legacy homes currently leased with the manufacturer and 2 duplexes. Average lot rent is $418/month, with billback on water/fire costs, which helps boost over $54,000/month in rental charges. On-site management is in place to ensure operational continuity, and the layout allows for expansion or further optimization of the property over time. Tenants are responsible for electric, water, and their own natural gas/propane service.
The park offers tremendous opportunity to raise income and value through 78 vacant pads which has infrastructure in place and ready for immediate infill.
Opportunities of this scale and positioning in the Birmingham market are limited, making this a strong addition to any mobile home park portfolio. Forestdale MHP is being offered at $4,600,000. Please inquire with any additional questions. No site visits are permissible without the broker's knowledge.
Investment highlights
• Large-scale asset in the Birmingham MSA
• Value-Add Upside including through Infill
• Stabilized Tenant Base
• Majority Tenant-Owned Homes
• Located in a stable, growing Southeast metro
• Cash flowing upon entry
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