Courtesy: William Johnson Brokerage
Bill Johnson
760-760-4320
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.
Magnolia is located in Arkansas. Magnolia, Arkansas has a population of 11,205. Magnolia is more family-centric than the surrounding county with 27.66% of the households containing married families with children. The county average for households married with children is 25.27%.
The median household income in Magnolia, Arkansas is $34,815. The median household income for the surrounding county is $41,115 compared to the national median of $69,021. The median age of people living in Magnolia is 28.7 years.
The average high temperature in July is 92.1 degrees, with an average low temperature in January of 32.2 degrees. The average rainfall is approximately 53.5 inches per year, with 1.6 inches of snow per year.
