Kenwood Neighborhood in St Petersburg Petersburg, Florida

[Faisal Farnas]

Hello,

This is a local real estate question so I am hoping some BP'ers from Saint Petersburg, Florida can help me out.

I am contemplating putting an offer on a bungalow single family home in the historic kenwood neighborhood, close to downtown st pete. What do you think of that neighborhood, in terms of its ability to attract good long term tenants? What about rent prices?

Thanks,

Faisal 

[Daniel Miller]

Great neighborhood. We own four properties in the Kenwood area. The tenant base is stable. Solid B neighborhood. Many long term renters who enjoy being close to Downtown St. Petersburg. 

Rent prices vary. Our properties earn $1/square foot monthly (or more) for each apartment or house that we lease out. Some of the dressed up apartment earn $1.33 a square foot. It's a very good area for the value...although prices have gone gangbusters I can't believe prices are so high so quickly. Good luck with the purchase.