312 Simpson St, Benton, LA 71006

Description

Bring your vision. Restore a treasure. Build equity. Set in the heart of historic Benton, this solidly built home offers a rare combination of Location, Land and Opportunity. Situated on approximately 0.75 acre, this property provides space, flexibility, and affordability that are increasingly difficult to find! This home offers two living areas- creating a practical layout with room for everyday living and entertaining. Original hardwood floors are visible in the living room and dining room, while additional hardwood flooring is believed to be beneath the carpet in the den, bedrooms and hallway (pulled back edges revealed wood floors- condition of flooring unknown).
Outdoor storage features add to the property's appeal, including a one-car garage with workshop space and an oversized carport with additional small RV or boat parking. The generous lot offers room for gardening, outdoor activities, future improvements, or simply enjoying extra space!
For buyer's considering a renovation project, this opportunity is definitely worth exploring through an FHA 203(k) Renovation Loan. The property is offered at $179,000 and an appraiser has indicated a potential after-renovation value of up to $220,000 subject to the required appraisal, approved renovation plans, completed improvements, and lender guidelines. Eligible buyers may be able to finance the purchase and qualifying renovations through the same loan, but all financing options and requirements should be verified directly with a lender.
This is not a move-in ready home... It needs planning, TLC, and the willingness to take on a project. This home will not qualify for FHA-VA-USDA financing in it's current state.
Do you appreciate solid construction? Character vs cookie-cutter? A large lot? A highly regarded school district? If you aren't afraid of building equity through effort then this Benton property offers a compelling place to begin your homeownership journey!