$650,000
- Beds
- 3
- Baths
- 2.0
- sq ft
- 1,664
116 S Arrawana Ave, Tampa, FL 33609
116 S Arrawana Ave
TAMPA, FL 33609
- 291 days on market
- Price drop $25,000↓
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!
Details
Property type
Single Family Residence
Lot size
9,548 sq ft
Price per sq ft
$391
Year built
1935
Annual property taxes
$1,681
Price History
04/24/2024
StellarMLS #T3473192
Price change
$650,000
-3.7%
04/11/2024
StellarMLS #T3473192
Price change
$675,000
-3.43%
09/19/2023
StellarMLS #T3473192
Listed
$699,000
Schools & Community
Neighborhood:
Courier City
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
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Status: Active
Tomo last checked: 07/05/2024 at 9:00 PM
Listing updated: 05/16/2024 at 1:41 PM
Listed by: Kaley Clopton, RE/MAX REALTY UNLIMITED Phone #: (813) 684-0016
MLS: StellarMLS #T3473192
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