St. Pete Homes with Canal - Saltwater Frontage

St. Pete Homes with Canal - Saltwater Frontage

Welcome to St. Pete, a charming subdivision nestled in the heart of Kenneth City, Florida, within the picturesque Pinellas County. This delightful community is a hidden gem, offering residents a serene lifestyle with the added allure of stunning canal and saltwater frontage.

Imagine waking up every morning to the gentle lapping of water against the shore, where you can step outside your back door and find yourself on the water's edge. Homes in St. Pete boast direct access to the beautiful canals, making it a paradise for boating enthusiasts and nature lovers alike. Whether you enjoy fishing, kayaking, or simply soaking up the sun, this waterfront lifestyle is sure to enchant you.

St. Pete is not just about beautiful homes and breathtaking views; it’s also about community. The neighborhood is known for its friendly atmosphere, where neighbors become friends and gatherings are a regular delight. Enjoy leisurely strolls along the water, or take a short drive to nearby parks and recreational areas that offer a variety of outdoor activities.

With its prime location in Kenneth City, residents have easy access to the vibrant culture and amenities of nearby St. Petersburg, including art galleries, restaurants, and shopping. The beautiful Gulf Coast beaches are just a short drive away, offering endless opportunities for sun-soaked days and sunset strolls.

In St. Pete, you’re not just buying a home; you’re investing in a lifestyle filled with tranquility, adventure, and community spirit. Come explore the possibilities of waterfront living in this enchanting subdivision!

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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