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The Kenwood Gables B&B 2801 7th Ave N 5 Room Bed and Breakfast Saint Petersburg, FL 33713 $2,373,064 CAD ($474,613 CAD/Room) 5.61% Cap Rate
INVESTMENT HIGHLIGHTS
- Historic Value - Completely Renovated - 5 STAR RATING
- Seven total bedrooms of which 5 are rented suites
- 8.5 Bathrooms
- Electic
- Real Estate Included in purchase of business
- Very close to award winning beaches and vibrant downtown. Walk to restaurants and shopping
EXECUTIVE SUMMARY
****** THIS PROPERTY HAS A FULL “HOTEL/ MOTEL LICENSE”.
Brand New Roof Installed May 2025 with a transferable warranty.
A very rare zoning opportunity in a historic neighborhood.
Continue to run as a B&B OR Airbnb!! So many options for this property. Let the imagination run.
This eclectic 5 STAR RATED Boutique B&B contains 7 suites and 8.5 bathrooms, of which 5 suites are reserved for the B&B guest. The other two rooms are for the owners of which one is a rentable pool house.The property is nestled in a quant Historic Neighborhood, in addition to being minutes away from vibrant downtown St Petersburg and a short drive to the gulf beaches and Historic Fort De Soto Park.Hop on the new sun runner to visit the gulf beaches and downtown.The B&B offers two main floor suites and 3 second floor vintage rooms. The owners suite is on the third floor for which could be turned into another guest suite along with the pool house. Furthermore, guest can enjoy the newly heated pool, peaceful garden deck area and a lovely homemade full breakfast. The business has seen year over year growth since 2020 when the doors opened.
The property went thru major renovations between 2016 and 2022
Real estate and furnishings (minus personal items)are included in the sale of this eclectic situation.
Brand New Roof Installed May 2025 with a transferable warranty.
A very rare zoning opportunity in a historic neighborhood.
Continue to run as a B&B OR Airbnb!! So many options for this property. Let the imagination run.
This eclectic 5 STAR RATED Boutique B&B contains 7 suites and 8.5 bathrooms, of which 5 suites are reserved for the B&B guest. The other two rooms are for the owners of which one is a rentable pool house.The property is nestled in a quant Historic Neighborhood, in addition to being minutes away from vibrant downtown St Petersburg and a short drive to the gulf beaches and Historic Fort De Soto Park.Hop on the new sun runner to visit the gulf beaches and downtown.The B&B offers two main floor suites and 3 second floor vintage rooms. The owners suite is on the third floor for which could be turned into another guest suite along with the pool house. Furthermore, guest can enjoy the newly heated pool, peaceful garden deck area and a lovely homemade full breakfast. The business has seen year over year growth since 2020 when the doors opened.
The property went thru major renovations between 2016 and 2022
Real estate and furnishings (minus personal items)are included in the sale of this eclectic situation.
DATA ROOM Click Here to Access
- Operating and Financials
FINANCIAL SUMMARY (ACTUAL - 2022) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2022) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
AMENITIES
- Pool
- High Speed Internet Access
- Patio
- Boutique/Lifestyle Hotel
- Bed & Breakfast
- Wedding Venue
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 5 | $343.40 CAD | - |
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PROPERTY TAXES
| Parcel Number | 14-31-16-46332-006-0040 | Improvements Assessment | $858,625 CAD (2024) |
| Land Assessment | $208,339 CAD (2024) | Total Assessment | $1,066,964 CAD (2024) |
PROPERTY TAXES
Parcel Number
14-31-16-46332-006-0040
Land Assessment
$208,339 CAD (2024)
Improvements Assessment
$858,625 CAD (2024)
Total Assessment
$1,066,964 CAD (2024)
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The Kenwood Gables B&B | 2801 7th Ave N
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