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$539,000

Est. payment - /mo

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4 Beds

4 Baths

3,500 SqFt

New

6323 TROUBLE CREEK RD New Port Richey, FL 34653

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Ingrid Barrueta

ingridmbc1976@gmail.com +1(561) 389-1325

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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,500 sqft

Price per Sqft $154

Subdivision Tampa Tarpon Spgs Land Co

MLS Listing ID TB8461756

Bedrooms 4

HOA Y/N No

Year Built 1958

Annual Tax Amount $4,159

Lot Size 0.600 Acres

Acres 0.6

Property Sub-Type Multi Family

Source Stellar MLS

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 four 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 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.

Location

State FL

County Pasco

Community Tampa Tarpon Spgs Land Co

Area 34653 - New Port Richey

Zoning AR

Interior

Interior Features Other

Heating Ductless

Cooling Wall/Window Unit(s)

Flooring Laminate

Fireplace false

Appliance Built-In Oven, Dishwasher, Electric Water Heater, Exhaust Fan, Microwave, Range, Refrigerator

Laundry Laundry Room

Exterior

Exterior Feature Other

Parking Features Boat, Common, Driveway, Golf Cart Parking, Guest, Off Street, Open, RV Garage

Utilities Available Other

Roof Type Membrane

Garage false

Private Pool No

Building

Foundation Stem Wall

Lot Size Range 1/2 to less than 1

Sewer Septic Tank

Water Well

Structure Type Metal Siding

New Construction false

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional, Other, Owner Financing, VA Loan

Listing Terms Cash, Conventional, Other, Owner Financing, VA Loan

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8461756

Listed by Stephen Hachey FLAT FEE MLS REALTY

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Ingrid Barrueta

Agent | License ID: 261237353

+1(561) 389-1325

6323 TROUBLE CREEK RD New Port Richey, FL 34653

Ingrid Barrueta

Key Details

Location

Interior

Exterior

Building

Others

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6323 TROUBLE CREEK RD