6323 TROUBLE CREEK ROAD at

6323 TROUBLE CREEK ROAD

For sale Days on market 37

$504,900

$144/sq ft

$34,100
Price Decreased

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Overview

Bedroom

Year Built

1958

Sqft

3500

Property Type

Multi Family (5+)

Property 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.

Property Details

MLS#

TB8461756

Address

6323 TROUBLE CREEK

City

New Port Richey

State/county

Zip/Postal Code

34653

Area

Tampa Tarpon Spgs Land Co

Country

United States

HOA

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$4,159

Maint Fee

$--

Tax Year

2024

Built-In Oven

Dishwasher

Electric Water Heater

Exhaust Fan

Microwave

Range

Refrigerator

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