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Listed by Zachary Albers Albers Real Estate Group

$199,900

Est. payment - /mo

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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 $137

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 commercial 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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Corina Staton

Broker/Salesperson, Team Leader - Staton Home Group, Areal Leader at Epique Realty License ID: 2020031035

+1(417) 208-6335