6323 Trouble Creek Road, New Port Richey, FL 34653
Local realty services provided by:CENTURY 21 Myers Realty
Listed by: stephen hachey
Office: flat fee mls realty
MLS#:TB8461756
Source:MFRMLS
Price summary
- Price:$539,000
- Price per sq. ft.:$154
About this home
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.
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Home facts
- Year built:1958
- Listing ID #:TB8461756
- Added:6 day(s) ago
- Updated:January 28, 2026 at 02:02 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:4
- Living area:3,500 sq. ft.
Heating and cooling
- Cooling:Wall/Window Unit(s)
- Heating:Ductless
Structure and exterior
- Roof:Membrane
- Year built:1958
- Building area:3,500 sq. ft.
- Lot area:0.6 Acres
Utilities
- Water:Well
- Sewer:Septic Tank
Finances and disclosures
- Price:$539,000
- Price per sq. ft.:$154
- Tax amount:$4,159 (2024)
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