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… Read More 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. Read Less
Courtesy of Zachary Albers, Albers Real Estate Group.
Listing Snapshot
Days Online
85
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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