This 40 acre +/- property is already set up as a small farm. The 30 some acres of grass consists of a fenced 15 acre hay meadow with the remainder cross fenced again, allowing you the option of rotational grazing. There are 4 ponds and also a Mira-Fount cattle waterer which is located inside the centrally located steel working facilities that includes a self catch headgate. The remaining land is wooded and several deer have been harvested there. The land is relatively flat with nice shade trees scattered throughout. As you head toward the 4 bedroom, 1 bath, one level home, the first thing you see are the big pine and cedar trees along the driveway. The home has approximately 1250 square feet, along with a private well and concrete septic, a metal roof, and a Hardy outdoor wood furnace. Outbuildings include a 3 car open sided garage, a 12 x 16 shed with concrete floor and electricity, and another 10 x 14 lawn mower shed with concrete floor. This is a nice smaller acreage located about 5 miles from the town of Theodosia and Bull Shoals Lake. It is already set up and ready for livestock. The home is older but definitely livable and is being sold ''AS IS''. Live in it while you build, or make this farmhouse your forever home.