3.1 Acres In El Rancho Reata That's Divisible.

MLS# 275812 THIS is a UNIQUE OPPORTUNITY for acquiring 3 acres in the HEART of El Rancho Reata. Furthermore, the zoning is RL-1 which would allow this 3.10 acre site to be divided into 3 residential acreage parcels. There is an existing 1,248 square foot single-level, stick-built, home that was constructed in 1998. This home has a lot of NEAT character, but needs some Love and is being sold 'AS-IS.' It's been professionally cleaned, and all utilities are connected and working. This home could be occupied today, but will require some work to be whipped back into perfect shape. It's the IDEAL property for building some sweat equity. Now, for the INVESTOR, or Family that is wanting to have multi-generational housing within walking distance of one another, The existing home is situated nicely along the west property line, leaving AMPLE space to carve off two additional VIEW lots. One could live in the existing home, while building their dream home, OR TWO DREAM HOMES, and will already have a place for MOM (or kids). The property is served by Badger Mountain Irrigation District for potable water AND irrigation water. There is a HORSE TRAIL EASEMENT at the bottom of the subject property that intertwines with a system of trails throughout the ENTIRE Neighborhood. My friend Carol Fuller has been selling new 1-acre lots nearby for $180k-$225k...... YOU DO THE MATH! In the spirit of entrepreneurship, with some short-term funding, creative planning, and some sweat, THIS IS A DIAMOND IN THE ROUGH! If your mindset is Multi-Generational Housing for your kin...... well, why not have your family compound in the HEART of one of the FEW highly-sought-after 'gentleman farm and equestrian' communities. The property has been priced $55,000 BELOW Benton County's Assessed Value of $530,230. Theoretically, you'd be making $55k just by buying the place.