- Upside In Rents, Renovations, and Infill
Henry Acres currently has a lot rent of $175. In the Florence MSA, the current market lot rent is $400. By adjusting Henry Acres’ lot rent to market over the next 3-5 years, the park’s revenue could be significantly increased. Additionally, Henry Acres needs cap-ex work including new asphalt roads and drives, home removal, and landscaping work. With this work completed, then one could infill the remaining empty lots with new home inventory and see another significant increase to their gross income.

- New Construction, New Home Inventory
Center Star Estates is a totally brand new construction. Finished in December of 2021, this community features concrete drives, asphalt roads, new single-wide homes and new septic tanks. With these new homes, many of the R&M expenses one would typically experience with park-owned homes is significantly decreased. From the exterior, the homes are in great condition and are well kept. Overall, Center Star is in pristine condition.

- Strong MSA, High Manufactured Housing Demand
Florence, AL has an MSA population above 150,000 and a median household income of $48,244. With positive job growth of 1.1% over the past year, employers are making their way into Florence & Muscle Shoals. From a rental perspective, the Florence-Muscle Shoals MSA has an overall occupancy rate of 83.8%. Florence is also home to the University of North Alabama. The university has a total enrollment for 2021 of 20,306, and the university has experienced positive enrollment growth year to year since the Fall of 2016.