St. Pete Homes with Canal - Saltwater Frontage

St. Pete Homes with Canal - Saltwater Frontage

Welcome to St. Pete, a vibrant and charming subdivision nestled in the heart of Kenneth City, Florida. This delightful community is a hidden gem in Pinellas County, perfectly situated between the bustling city of St. Petersburg and the serene beauty of the Gulf Coast. St. Pete is renowned for its picturesque landscapes, friendly neighborhoods, and a relaxed lifestyle that invites you to unwind and enjoy the natural beauty that surrounds you.

One of the standout features of St. Pete is its stunning homes with canal and saltwater frontage. Imagine waking up to the gentle sounds of water lapping against your dock, with breathtaking views right from your backyard. These homes offer direct access to the tranquil waters of the canals, making them a haven for boating enthusiasts and fishing aficionados alike. Whether you're looking to cast a line, take a leisurely boat ride, or simply soak in the stunning sunsets, living here provides endless opportunities for outdoor adventure.

The community itself boasts well-maintained streets, lush landscaping, and a welcoming atmosphere that fosters connections among neighbors. With easy access to nearby parks, shopping, and dining, residents can enjoy the best of both worlds—serenity at home and vibrant activities just a stone's throw away.

St. Pete is not just a place to live; it's a lifestyle. Discover the charm of this beautiful subdivision and experience the joy of waterfront living in Kenneth City, where your dream home awaits!

Newest St. Pete Homes with Canal - Saltwater Frontage

$975,000
9 Beds ⋅ 6 Baths ⋅ St. Pete SubDv. ⋅ 33709 Zip Code
1031 EXCHANGE SPECIAL, INVESTORS BRING YOUR BEST OFFERS!!! 10% CAP RATE!!! FOUNDATION REPAIRS COMPLETED!!! RECENTLY REMODELED!!!! ADDITIONAL WATERFRONT LOT INCLUDED!!! ZERO DAMAGE FROM EITHER HURRICANE!!! PHENOMENAL MULTI UNIT INVESTMENT OPPORTUNITY WITH 6 UNITS PRICED FOR AN IMMEDIATE SALE IN A GREAT ST. PETE NEIGHBORHOOD WITH 135Ft OF WATER FRONTAGE!!!! Fully occupied cash generating investment property and all tenants are on MONTH TO MONTH AGREEMENTS!!! 3 two bedrooms 1 bath 2 studio 1 one bed one bath, fully occupied currently, opportunity to renovate units and raise rents. CURRENT RENTS ARE AS FOLLOWS: $1,800, $1,800, $1,800, $1,200, $1,200 $1,150 Total: $8,950 per month and $107,400 total income per year!!! Expenses: $250 per month for water garbage pickup $94 per month, $4,128 annually. Taxes $6,800 annually and Insurance $4,103 annually, never flooded in the last 20 years! Total expenses annually : $15,031 Net annual profit roughly: $92,368!!! Opportunity for laundry in the back, no laundry onsite currently, could be income producing laundry building onsite to be built as ADU type building. Upgraded plumbing 4 years ago Upgraded electrical 4 years ago Air condition 4 years old Central air. 10% cap rate with opportunity to boost to 12-15% cap rate with rent raise and laundry area addition!!!

5050 74th Street N Unit 1, St Petersburg
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