Investor Opportunity on US Highway 60 -- Multi-Stream Income PropertyRare 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… Read More rented and producing income today.The 10 lots have their own dedicated septic system. Electric and water are shared from the main home. The house septic was replaced 2-3 years ago -- a major capital item already off the list.The home itself is a full rehab project -- roof, siding, windows, flooring, HVAC, kitchen, and bath. Bring your contractor. Estimated rehab budget runs $55K-$75K.Post-rehab and full stabilization (all 10 pads + garage rented), this property pencils to a 15%+ cap rate on purchase price with strong cash-on-cash returns and meaningful BRRR potential. Room exists on the lot to add additional pads (verify zoning and septic capacity).Highway 60 frontage. Tenants handle yard maintenance. Sold strictly as-is. Cash, hard money, or rehab/portfolio financing required -- not a conventional loan property.Full investor pro forma available on request. Read Less
Courtesy of Zachary Albers, Albers Real Estate Group.
Listing Snapshot
Days Online
37
Last Updated
Property Type
Single Family Residence
Beds
3
Full Baths
1
Square Ft.
1,456
Lot Size
1.7 Acres
Year Built
1960
MLS Number
60322433
Additional Details
Property Access
Road Frontage Type: "Highway"
Building
Above Grade Finished Area: 1456, Below Grade Finished Area: 0, Levels: "One", Living Area: 1456, Stories: 1, Total Area: 1456, Built in 1960
Cooling
Cooling: "Central Air", "Window Unit(s)"
Garage
2 garage spaces
Heating
Heating: "Central"
Lot
Acres: 1.7, Dimensions: 731 X 350, Parcel Number: 070735001003002000
Property
Other Structures: "Outbuilding", Property Sub Type: Single Family Residence
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