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The Kenwood Gables B&B 2801 7th Ave N

5 Room Bed and Breakfast Saint Petersburg, FL 33713 $2,976,687 CAD ($595,337 CAD/Room) 4.54% Cap Rate

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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 license! Continue to run as a B&B OR Airbnb!! So many options with this property
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 and a short drive to the gulf beaches and Historic Fort De SotoPark.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 business.

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

Price	$2,976,687 CAD	Building Size	4,676 SF
Price Per Room	$595,337 CAD	No. Rooms	5
Sale Type	Investment	No. Stories	3
Cap Rate	4.54%	Year Built/Renovated	1936/2019
Property Type	Hospitality	Parking Ratio	0.64/1,000 SF
Property Subtype	Bed and Breakfast Hospitality Hotel	Corridor	Interior
Building Class	B	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Lot Size	0.29 AC

Price	$2,976,687 CAD
Price Per Room	$595,337 CAD
Sale Type	Investment
Cap Rate	4.54%
Property Type	Hospitality
Property Subtype	Bed and Breakfast Hospitality Hotel
Building Class	B
Lot Size	0.29 AC
Building Size	4,676 SF
No. Rooms	5
No. Stories	3
Year Built/Renovated	1936/2019
Parking Ratio	0.64/1,000 SF
Corridor	Interior
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.