116 S Arrawana Avenue, Tampa, FL 33609

$650,000
3
BD
2
BA
1,664
SqFt
List Price
$650,000
Status
Active
Days on Market
243
Price Change
▼ $25,000 1713999773
MLS#
T3473192
Property Style
Single Family
Year Built
1935
Bedrooms
3
Bathrooms
2
Living Area
1,664
Lot Size
9,548
Acres
0.22
Total Acreage
0 to less than 1/4
Legal Subdivision Name
Park City
MLS Area Major
Tampa / Palma Ceia

Property Description

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 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!

Additional Information

Taxes
$1681
Minimum Lease
No Minimum
Community Features
No Deed Restriction
Property Description
One Story
Zoning
RM-16
Interior Layout
Walk-In Closet(s)
Interior Features
Walk-In Closet(s)
Floor
Wood
Appliances
Cooktop
Utilities
Public
Heating
Central
Air Conditioning
Central Air
Exterior Construction
Vinyl Siding
Exterior Features
Awning(s)
Roof
Shingle
Foundation
Crawlspace
Pool
No Pool
Garage Carport
2 Car Carport
Flood Zone Code
X
Parcel ID
A-22-29-18-3NS-000004-00008.0
Legal Description
PARK CITY LOT 8 BLOCK 4

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of RE/MAX REALTY UNLIMITED.

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