We are pleased to present Three at 11th. This charming triplex in a rapidly growing neighborhood in St. Petersburg, Florida, adjacent to the Tropicana Field Redevelopment District, home of the Major League Baseball Team, The Tampa Bay Rays. The $6.5 billion project features an upgraded baseball stadium, 700,000 SF of retail space, 3,200,000 SF of housing, 1,000,000 SF of institutional campus, and 2,500,000 SF of office/hotel space. The new Tampa Bay Innovation Center, the University of South Florida, Bayfront and All Hospitals are all within .5 miles.
The parcel consists of two structures – a duplex (1 br / 1 ba x 2) and a single family home ( 2 br / 1 ba). All three units have separate addresses and separate electric meters. One water meter services the entire property. Allocated parking is available in the rear of the property. All units are occupied, and current rents are well under market, totaling $2580/mo Perfect investment or use as owner occupied and raise rents. Register with the St. Petersburg Housing Authority and generate rents totaling $5490/mo (2023 schedule). Property location on present-day map and future redevelopment. All facts and figures are approximate buyer verify MLS information.