236 State Route Y, Arcola, MO 65603 (MLS# 60318619)

This rural home offers lots of promise to investors and do-it-yourselfers looking for a great opportunity to quickly build equity in a country estate. Just a few miles from Stockton Lake, this Spanish style home and acreage has a lot to offer. Stately oaks adorn the yard, offering plenty of shade and a striking presence. Numerous flower beds erupt in color and four archways welcome you onto the front porch, inviting a swing or some outdoor chairs for relaxation. Indoors, you'll love the spacious living room, where the country aesthetic is enhanced by the rough sawn beam ceiling. A wood stove promises toasty warmth on the coldest of winter days. The kitchen is spacious, but needs subfloor repair and new flooring. It features an island and plenty of cabinet space and is ready for your own custom touch. All four bedrooms and both bathrooms are located on the main floor, as is the laundry. The unfinished basement offers additional storage, a workbench, and shelter, and has a door to the back yard. Structurally, the house seems sound. Most of the work needed is cosmetic, including sheetrock, floor repairs, HVAC duct repairs, and painting. Horse lovers are especially sure to find the property to their liking. The crown jewel for the equestrian owner is the 60'x120' enclosed riding arena, complete with a sand floor, lighting and water. Another 30'x70' livestock barn affords more space for your livestock or pets, as as does a smaller loafing shed. If you're not into horses, the riding arena could be converted to boat and RV storage. With thousands of visitors to Stockton Lake each year, it's a sure bet that many of those visitors would prefer to store their boats and campers. With this property's location just minutes from the lake and on a paved highway, high demand for enclosed storage seems likely.