2959 Us Highway 60, Billings, MO 65610
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2959 Us Highway 60, Billings, MO 65610
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Patrick Lanigan

Patrick Lanigan

+1(417) 808-1143
$ 199,900
Est. payment /mo
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Price Dropped by $10K

2959 Us Highway 60 Billings, MO 65610

1.7 Acres Lot

UPDATED:

Key Details

Property Type Mobile Home

Sub Type Mobile Home Park

Listing Status Active

Purchase Type For Sale

Subdivision Highway Acres

MLS Listing ID SOM60332459

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 Mobile Home Park

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

Location

State MO

County Christian

Zoning See Desc

Direction 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

Fireplace No

Heat Source Central

Exterior

Garage Spaces 2.0

Utilities Available Electricity Available

Waterfront Description None

Building

Sewer Septic System

Water City, Private

Schools

Elementary Schools Billings

Middle Schools Billings

High Schools Billings

Others

Acceptable Financing Cash, 1031 Exchange

Listing Terms Cash, 1031 Exchange

Listed by Zachary Albers Albers Real Estate Group
Patrick Lanigan

Patrick Lanigan

Agent License ID: 2020028639

+1(417) 808-1143

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2959 Us Highway 60