4410 Columbia Road 5

Magnolia AR 71753

47.5 ac.

Land

Currently for sale - view listing

Overview

Unique: Income & good hunting. On the NE corner is a small older home occupied by a family that’s been there 40+ years. I’ve given them a lease-option on the home and surrounding 2 acres, paying $500/month for six years. Complete the agreement and they get the 2 acres; otherwise, they can be evicted. The owner also has the right to cancel the lease-option. Your choice: keep collecting $500/month for almost six years or cancel and use the entire 47.5 acres and home. Either way, you get excellent hunting land, easy access and a year-round creek. Hunt deer, turkey and quail. Keep the lease and your effective cost for the remaining 45.5 acres is under $1,300/acre

Features

47.5 ac. lot size

Land

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