2959 Us Highway 60, Billings, MO 65610
2959 Us Highway 60, Billings, MO 65610
2959 Us Highway 60, Billings, MO 65610
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$209,900
Est. payment /mo
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3 Beds
1 Bath
1,456 SqFt
Price Dropped by $10K

2959 Us Highway 60 Billings, MO 65610

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Carrie Ann Higgs

Carrie Ann Higgs

+1(417) 230-3957

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,456 sqft

Price per Sqft $144

Subdivision Highway Acres

MLS Listing ID SOM60322433

Bedrooms 3

Full Baths 1

Construction Status No

Total Fin. Sqft 1456

Rental Info No

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 Single Family Residence

Source somo

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 rehab financing required.Full investor pro forma available on request.

Location

State MO

County Christian

Area 1456

Direction From Republic: Head west on US Highway 60 approximately 6 miles. Property is on the north side of US-60 in Billings.

Interior

Heating Central

Cooling Central Air, Window Unit(s)

Fireplace No

Heat Source Central

Exterior

Garage Spaces 2.0

Waterfront Description None

Garage Yes

Building

Story 1

Sewer Septic Tank

Water Private

Level or Stories One

Construction Status No

Schools

Elementary Schools Billings

Middle Schools Billings

High Schools Billings

Others

Association Rules None

Acceptable Financing Cash, See Remarks

Listing Terms Cash, See Remarks

Listed by Zachary Albers Albers Real Estate Group

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Carrie Ann Higgs
Carrie Ann Higgs

Agent | License ID: 2003032011

+1(417) 230-3957

higgshomes.com

716 N 22nd St Ste 111, Ozark, MO, 65721, USA

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