St Pete/Kenneth City Homes with Canal Front Frontage

Welcome to the charming enclave of Kenneth City, nestled in the heart of Pinellas County, Florida. This delightful community is just a stone's throw away from the vibrant waterfront city of St. Petersburg, offering a perfect blend of tranquility and accessibility. Known for its lush landscapes and warm, sunny weather, Kenneth City provides a picturesque backdrop for those seeking a serene lifestyle without sacrificing the conveniences of urban living.

One of the most alluring features of Kenneth City is its stunning homes with canal front frontage. Imagine waking up each morning to the gentle sounds of water lapping against your private dock, with the sun rising over the tranquil canal. These homes offer not just a residence, but a lifestyle enriched by the beauty of nature. Whether you're an avid boater, a fishing enthusiast, or simply someone who enjoys serene water views, these canal-front properties are a dream come true.

The community is well-established, featuring a variety of amenities, parks, and recreational options that cater to residents of all ages. Stroll through the nearby parks, enjoy picnics by the water, or take a short drive to the bustling downtown St. Petersburg, where you can explore art galleries, trendy restaurants, and vibrant nightlife.

Living in Kenneth City means embracing a laid-back lifestyle while being close to the excitement of city life. With its charming homes along the canals and a welcoming community spirit, Kenneth City is the perfect place to call home in sunny Florida. Come discover your slice of paradise!

Newest St Pete/Kenneth City Homes with Canal Front 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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