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POWERED BY PURLIN.AI

6323 TROUBLE CREEK Rd

new port richey, FL 34653

$504,900

  • 4 BR
    4 BA
    APPROX. 3,500 SF

INTERESTED? LET'S CONNECT

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

3,500 Sq Ft

0.6 Private Acres Lot Size

Investment

$4,159 Annual Tax

Built in 1958

MLS/Listing ID TB8461756

9 Units

Amenities & Features

Laminate

Laundry Room

Parking - RV Garage

Parking - Open

Parking - Off Street

Parking - Guest

Parking - Driveway

Parking - Common

Parking - Boat

Stem Wall

Parking - Golf Cart Parking

Membrane

Refrigerator

Range

Microwave

Exhaust Fan

Electric Water Heater

Dishwasher

Cooling - Wall/window unit(s)

Construction - Metal Siding

Built-in Oven

estimate my mortgage

TOTAL MONTHLY COST

-

  • PRINCIPAL & INTEREST

    -

  • PROPERTY TAXES

    -

  • COMMON CHARGES

    -

HOME PRICE
DOWN PAYMENT
term
INTEREST

Interested in 6323 TROUBLE CREEK Rd?