116 S ARRAWANA AVE, TAMPA FL 33609

1,664
SQ FT

$650,000

PROPERTY HIGHLIGHTS

TYPE

Duplex

LIVING AREA

1,664 sq.ft.

LOT SIZE

0.22 acres

YEAR BUILT

1935

PRIVATE POOL

No

SELLING FIRM

Re/Max Realty Unlimited

MLS#

T3473483

Read more about this listing 116 S ARRAWANA AVE TAMPA, FL 33609

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!

...READ MORE ABOUT THIS HOME...

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PROPERTY DETAILS

INTERIOR FEATURES

Walk-In Closet(s)

APPLIANCES

Cooktop

HEATING

Central

COOLING

Central Air

FIREPLACE

Yes

EXTERIOR FEATURES

Awning(s)

COMMUNITY POOL

No

WATERFRONT

No

COUNTY

Hillsborough

MORTGAGE CALCULATOR

RELATED PROPERTIES

Listings courtesy of Stellar MLS as distributed by MLS GRID based on information submitted to the MLS GRID as of Sun, 16 Jun 2024 16:58:32 GMT. 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. Property information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID, and the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.