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 commercial financing required. Full investor pro forma available on request. Read Less
Courtesy of Zachary Albers, Albers Real Estate Group.
Listing Snapshot
Days Online
1
Last Updated
Property Type
Mobile Home Park
Lot Size
1.7 Acres
Year Built
1960
MLS Number
60332459
Additional Details
Building
Built in 1960, 2 total units
Cooling
Cooling: Central Air
Garage
Attached Garage, 2 garage spaces
Heating
Heating: Central
Lot
Acres: 1.7, Dimensions: 731 X 350, Parcel Number: 070735001003002000
Property
Other Structures: Two Buildings, Property Sub Type: Mobile Home Park, Zoning: See Desc
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