FL
Pasco
NEW PORT RICHEY
34653
6323 TROUBLE CREEK ROAD
6323 TROUBLE CREEK ROAD, NEW PORT RICHEY, FL 34653
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Listing Type
other
Listing Status
Active
31
$524,900

Home Details for 6323 TROUBLE CREEK ROAD

Price
$524,900
Type
Residential Income
Bedrooms
4
Bathrooms
4.0
Square feet
3500
Year built
1958
Lot size acres
0.6
County
Pasco
Garage
Days on site
31
MLS Listing#
TB8461756
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.

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Property Features
  • Parking
    • Boat
    • Common
    • Driveway
    • Guest
    • Off Street
    • Open
    • RV Garage
  • Water Features
    • Private
    • Well
  • Cooling Information
    • Wall/Window Unit(s)
  • Heating Information
    • Ductless
  • House Interior
    • Other
  • Utilities
    • Other
Listing Courtesy: FLAT FEE MLS REALTY - 813-642-6030
Listings courtesy of Stellar MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers? personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright ©2026 MLS GRID. All Rights Reserved.
Last Updated: 2026-02-09 09:00:12
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EXIT ELITE REALTY
13911 N. Dale Mabry Hwy Suite #201, Tampa, FL 33618
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813 835 0000
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