St. Pete Homes with Boatable Water Water Frontage

St. Pete Homes with Boatable Water Water Frontage

Welcome to St. Pete, a hidden gem nestled in the heart of Kenneth City, Florida, within the vibrant Pinellas County. This charming subdivision offers a unique blend of suburban tranquility and waterfront allure, making it an ideal destination for those seeking a serene lifestyle with the added bonus of boatable water access.

St. Pete is renowned for its picturesque scenery, where lush greenery meets the sparkling waters of local canals and lakes. Imagine waking up to the gentle sounds of water lapping against your dock, with the sun casting a golden glow over your backyard oasis. Homes in this subdivision boast boatable water frontage, providing residents with the perfect opportunity to indulge in a variety of water activities—from leisurely kayaking to fishing expeditions and invigorating boat rides.

The community is characterized by its friendly atmosphere, where neighbors become friends and gatherings are a common delight. St. Pete is conveniently located near major roadways, making it easy to explore nearby attractions, shopping centers, and dining options. Whether you’re in the mood for a day at the beach or a night out in downtown St. Petersburg, everything is just a short drive away.

With its combination of waterfront living and a welcoming community, St. Pete in Kenneth City offers the perfect setting for families, retirees, and everyone in between. Experience the joys of waterfront living and discover your dream home in this delightful subdivision today!

Newest St. Pete Homes with Boatable Water Water 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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