St. Pete Homes with Canal - Saltwater Frontage

St. Pete Homes with Canal - Saltwater Frontage

Welcome to St. Pete, a hidden gem nestled in the heart of Kenneth City, Florida, within the picturesque Pinellas County. This charming subdivision is perfect for those seeking a serene lifestyle combined with the vibrant culture and natural beauty that the Sunshine State is known for.

St. Pete offers an idyllic setting for families, retirees, and anyone in between. The homes here boast stunning canal and saltwater frontage, providing residents with direct access to the tranquil waters of Florida’s beautiful coastline. Imagine waking up to breathtaking views, where you can sip your morning coffee while watching the gentle waves lap against your private dock. Whether you’re an avid boater, fisherman, or simply love the calming presence of water, these homes cater to your aquatic lifestyle.

The community is not just about beautiful homes; it’s about a lifestyle. Residents enjoy a variety of recreational activities, from kayaking and paddleboarding to fishing right from their backyards. The nearby parks and nature trails invite you to explore the lush surroundings, while the vibrant arts scene and local eateries in Kenneth City and nearby St. Petersburg provide plenty of opportunities for entertainment and dining.

With its unique blend of tranquility and accessibility, St. Pete is more than just a place to live; it’s a community where you can create lasting memories. Come discover your dream home in St. Pete, where the sun, water, and community spirit come together to create an unparalleled living experience. Your waterfront oasis 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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