6323 TROUBLE CREEK ROAD, New Port Richey, FL 34653

  • $539,000.00
  • Address: 6323 TROUBLE CREEK ROAD
  • City: NEW PORT RICHEY
  • State/county: FL
  • Zip/Postal Code: 34653

Description

Bear Creek is a 9-pad hybrid manufactured housing and RV community located along Trouble Creek Road in New Port Richey, Florida. The property includes four fully renovated park-owned mobile homes and five RV pads, providing a mix of stable recurring income and seasonal flexibility. With strong in-place rents and recent capital improvements, the park delivers reliable cash flow with minimal near-term maintenance needs. The property generates an NOI of approximately $55,000, which reflects a 10.25 perc. cap rate at the asking price of $539,000. All 4 mobile homes were renovated between 2023 and 2025 with new kitchens, bathrooms, flooring, electrical systems, HVAC units, and other updates. This significantly reduces operating risk and enhances tenant retention. the park offers meaningful upside through potentially increasing RV occupancy, optimizing monthly RV rates, and implementing modest rent growth on the mobile homes. A pro forma stabilization scenario supports an estimated NOI of roughly $79,000, which places the long-term value of the park in the $880,000 to $1,060,000 range depending on assumed cap rates. Bear Creek benefits from a strong local market with persistent demand for affordable housing, steady employment bases, and consistent seasonal RV traffic. Small hybrid MH/RV parks in Pasco County are scarce, and comparable assets trade at higher each-pad values. Overall, Bear Creek is a turnkey investment with strong in-place cash flow, recently upgraded homes, and clear value-add potential. It is well suited for both first-time park investors and experienced operators seeking a small, manageable property with upside. RES12 Future Zoning gives the buyer the opportunity to develop this site in the future and add multiple SFH units.

Details

  • Property ID TB8461756
  • Price $539,000.00
  • Land Area 0.6 sqft
  • Bedrooms 4
  • Bathrooms 4
  • Garage Size x x
  • Year Built 1958
  • Type Multi Family, Residential Income
  • Property Status Active, For Sale

Additional details

  • Listing Terms Cash,Conventional,Other,Owner Financing,VA Loan
  • Roof Membrane
  • Utilities Other
  • Sewer Septic Tank
  • Cooling Wall/Window Unit(s)
  • Heating Ductless
  • Flooring Laminate
  • County Pasco
  • Property Type Residential Income
  • Parking Boat,Common,Driveway,Golf Cart Parking,Guest,Off Street,Open,RV Garage

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All information contained herein is deemed accurate but is to be verified by the purchaser. Buyer's Agent is responsible for their due diligence, including but not limited to verifying community information and rules, square feet, room dimensions and taxes, lot size, utility data, and school assignments. Room sizes and square footage are approximate and should be independently verified by the buyer/buyer's agent.

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