2959 Us Highway 60 North,Billings, MO 65610
Billings, MO 65610
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.
Details
| MLS # | 60322433 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1960 |
| Days On Site | 131 |
| Listing Provided By | Albers Real Estate Group | Zachary Albers |
Features
| Bed(s) | 3 |
|---|---|
| Bath(s) | 1 Total |
| SQ Feet | 1,456 |
| Acreage | 1.70 |
Interior
| Rooms Total | 0 |
|---|---|
| Cooling Yes / No | Yes |
| Cooling | Central, Window Unit(s) |
Parking
| Garage Yes / No | Yes |
|---|
Taxes
| Property | 920 |
|---|
Area Information
| State | MO |
|---|---|
| County | Christian |
| City | Billings |
| Zip Code | 65610 |
| Community Name | Highway Acres |
| School District | Billings |
| Elementary School | Billings |
| High School | Billings |
| Listing VS Median (in Highway Acres) | |
Price: $209,900 low | high Med: $209,900 sqft: 1,456 low | high Med: 1,456 $ / sqft: $144 low | high Med: $144 On site: 131 low | high Med: 131 | |
Market Activity 65610
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Learn More About This Property
| State | MO |
|---|---|
| County | Christian |
| City | Billings |
| Zip Code | 65610 |
| Community Name | Highway Acres |
| School District | Billings |
| Elementary School | Billings |
| High School | Billings |
| Listing VS Median (in Highway Acres) | |
Price: $209,900 low | high Med: $209,900 sqft: 1,456 low | high Med: 1,456 $ / sqft: $144 low | high Med: $144 On site: 131 low | high Med: 131 | |