5255 62nd Street North, Kenneth City, FL 33709 – St. Petersburg MSA
$ 0 M USD
$ 0 K USD
Renovation to interior exterior of the property
business plan & results
The property required light interior renovation of empty units, exterior improvement of curb appeal, recycling the current rent roll, and improving bad debt due to poor management. The property was successfully stabilized.
site & Project
The site consists of 62 apartments situated in 2.62 Acres in Kenneth City, FL. The property includes a laundry room, pool with lounging chairs, and ample on-site parking. The community is located a short drive away from schools, restaurants, and convenience stores. The property is accessible from 54th Avenue North, a main thoroughfare running east-to-west from I-275, as well as bounded by 66th Street North to the west and 46th Avenue North to the south.
Kenneth City is located South of Clearwater and north of St. Petersburg which are all part of Pinellas County, Florida’s most-densely populated county. The recent growth of the Tampa MSA has created an increased demand for housing due to the MSA being a spectacular setting in which to live, work and play. With its proximity to Tampa and Clearwater, Kenneth City/St. Petersburg is becoming a hub for workforce housing.