#619 Six Furnished Rental Cabins, 148 Acres M/L

Property Details

Furnished cabins on acreage; each has it’s own septic system and all are on rural water, and all of them less than 5 years old.  This property has views as far as the eye can see, springs, waterfalls, caves, berries, four ponds, two are spring-fed and one is stocked with catfish and bass. An established resort business close to the  Buffalo River National Park. A true place of peace and quiet. Priced under appraisal. Let’s look at the numbers. The property appraised for $482,000.00. that price includes 6 cabins, not furnished, and 108 acres more or less. the cabins total 4876 square feet more or less at $70.66 per square foot for 5 cabins, and $61.00 per square foot for the 1217 sf block cabin. Leaving the 108 acres at $1575.00 per acre. Acreage is more or less.

Now, take the asking price of $339,000.00. Figure $50.00 per square foot for the 5 cabins which are now furnished, and $40.00 per square foot for the furnished block cabin for a total of $231,090.00. Take the asking price: $339,000.00 less the $231,090.00 and you will get $107,910.00. Divide that by 148 acres and it comes to $729.12 per acre. a deal of a deal!

This property may be split up: 80 acres more or less for $120,000.00: 1271 square foot more or less blue roof house and 8 acres more or less for $60,000.00: 5 cabins and 60 acres more or less for $225,000.00.

Listing Agent: Sharon Kanehl     Contact: 870-404-1088     sharonkanehl@yahoo.com

148.00 Acres
For Sale - Offered at $339,000

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