6323 Trouble Creek Road, New Port Richey, FL 34653
- $500,000
- 4
- BD
- 4
- BA
- 3,500
- SqFt
- Sold Price
- $500,000
- List Price
- $504,900
- Status
- Sold
- Days on Market
- 37
- Closing Date
- Mar 24, 2026
- MLS#
- TB8461756
- Property Style
- Multi-Family 5+
- Year Built
- 1958
- Bedrooms
- 4
- Bathrooms
- 4
- Living Area
- 3,500
- Lot Size
- 26,131
- Acres
- 0.60
- Total Acreage
- 1/2 to less than 1
- Legal Subdivision Name
- Tampa Tarpon Spgs Land Co
- MLS Area Major
- New Port Richey
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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Additional Information
- Taxes
- $4159
- Community Features
- No Deed Restriction
- Zoning
- AR
- Interior Layout
- Other
- Interior Features
- Other
- Floor
- Laminate
- Appliances
- Built-In Oven, Dishwasher, Electric Water Heater, Exhaust Fan, Microwave, Range, Refrigerator
- Utilities
- Other
- Heating
- Ductless
- Air Conditioning
- Wall/Window Unit(s)
- Exterior Construction
- Metal Siding
- Exterior Features
- Other
- Roof
- Membrane
- Foundation
- Stem Wall
- Pool
- No Pool
- Garage Carport
- RV Garage
- Garage Features
- Boat, Common, Driveway, Golf Cart Parking, Guest, Off Street, Open, RV Garage
- Flood Zone Code
- X
- Parcel ID
- 16-26-16-001.0-027.00-002.0
- Legal Description
- TAMPA TARPON SPRINGS LAND CO SUB PB 1 PGS 69 & 70 A POR OF TRACT 27 DESC AS COM AT SW COR OF SAID TRACT 27 SAME BEING ON SOUTH BDY OF NW1/4 TH RUN ALG SOUTH BDY OF TRACT 27 S89DEG 45' 20"E 120 FT FOR POB TH RUN PARALLEL TO WEST BDY OF TR 27 N00DEG07' 41"E 250 FT TH S89DEG 45' 20"E 120 FT TH S00DEG07' 41"W 250 FT TO SOUTH BDY OF TR 27 TH N89DEG45' 20"W 120 FT TO POB THE SOUTH 33 FT THEREOF FOR EXISTING R/W FOR SR S-518
Listing courtesy of FLAT FEE MLS REALTY. 813-642-6030
Selling Office: STELLAR NON-MEMBER OFFICE.Mortgage Calculator
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