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Listed by Zachary Albers Albers Real Estate Group
$209,900
Est. payment /mo
3 Beds
1 Bath
1,456 SqFt
Active
2959 Us Highway 60 N Billings, MO 65610
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Key Details
Property Type Single Family Home
Sub Type Residential
Listing Status Active
Purchase Type For Sale
Square Footage 1,456 sqft
Price per Sqft $144
Subdivision Highway Acres
MLS Listing ID SOM60322433
Bedrooms 3
Full Baths 1
Year Built 1960
Annual Tax Amount $920
Tax Year 2024
Lot Size 1.700 Acres
Acres 1.7
Lot Dimensions 731 X 350
Property Sub-Type Residential
Property Description
Rare income-producing parcel on 1.7 acres in Billings, MO with three separate revenue streams under one deed. Includes a 1,456 sq ft 3-bedroom, 1-bath home (built 1960), a detached 2-car garage/shop, and 10 RV/camper pads -- 4 of which are currently rented at $250-$300/mo, producing $1,150/mo in current income. Active rental demand from prospects waiting on vacancies.Christian County has confirmed the property is compliant under current regulations (10-pad cap). Property sits outside both Billings and Republic city limits -- no additional municipal restrictions.The 10 lots have their own dedicated septic system. House and pads share water; electric runs on 3 separate meters (house, garage/shop, pad cluster). The house septic was replaced 2-3 years ago.The home is a complete rehab project -- roof, siding, windows, flooring, HVAC, kitchen, and bath. Bring your contractor. Estimated rehab budget $55K-$75K.Post-rehab and full stabilization, the property pencils to a 16%+ cap rate on purchase price with strong cash-on-cash returns and meaningful BRRR potential. Highway 60 frontage. Tenants handle yard maintenance. Sold strictly as-is. Cash, hard money, or rehab financing required.Full investor pro forma available on request.
Location
State MO
County Christian
Interior
Heating Central
Cooling Central Air, Window Unit(s)
Fireplace N
Exterior
Garage Spaces 2.0
Waterfront Description None
Garage Yes
Building
Story 1
Sewer Septic Tank
Water Private
Schools
Elementary Schools Billings
Middle Schools Billings
High Schools Billings
Others
Acceptable Financing Cash, See Remarks
Listing Terms Cash, See Remarks
NEARBY SCHOOL & BUSINESS
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