116 S ARRAWANA AVE
TAMPA, FL 33609

$650,000

0 Beds

0 Baths

1,664 Sq Ft

Status Active

MLS# T3473483

OPPORTUNITY IS CALLING! This lot currently has a 1438 sqft single family home with 2 bedrooms and 1 bathroom as well as a 226 sqft studio space with 1 bathroom and a kitchenette. The real opportunity lies in the RM-16 zoning this lot holds. City of Tampa says there is a possibility to build up to 3 units on this lot as long as the set backs and building restrictions are met. Consult with Tampa zoning department for more info. Based on property's pie shape it can fit 2 townhomes, anywhere from 2200+ sqft they can be sold at $800,000 - $959,000 PER UNIT. See attachments for comps supporting this price. New construction luxury townhomes are being built all around this area and would probably be the best use for this lot. The home is currently leased. Please schedule a showing to see the home and do not disturb tenants!

Details for 116 S ARRAWANA AVE

$391 / Sq Ft

0 parking spaces

Central

274 Days on website

0.22 acres lot

Interior

Appliances

Cooktop

Flooring

Wood

Interior Features

Walk-In Closet(s)

Living Area

1,664 SqFt.

Building And Construction

Property Sub Type

Multi Family

Property Type

Residential Income

Year Built

1935

Exterior And Lot

Exterior Features

Awning(s)

Lot Size Acres

0.22

Lot Size Square Feet

9548

Zoning

RM-16

Utilities

Cooling

["Central Air"]

Heating

Central

Area And Schools

City

TAMPA

County Or Parish

Hillsborough

Subdivision Name

PARK CITY

Financial Info

Buyer Agency Compensation^*

2.5%-$350

^*The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Tax Annual Amount

$1,681

Tax Year

2022

Price per square foot and days on website are not provided values and are calculated by RE/MAX.

Listing Office

RE/MAX REALTY UNLIMITED, 813-684-0016

Updated

11:37pm UTC- 6/18/2024

Listings courtesy of Stellar MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers? personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2024 MLS GRID. All Rights Reserved. For DMCA information, please review Copyright Complaints at https://www.remax.com/terms-of-use.