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.
87 days
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117
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Zillow last checked:
Listing updated:
Listed by:
Zachary Albers417-894-2016,
Albers Real Estate Group
Source: SOMOMLS as distributed by MLS GRID,MLS#: 60322433
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 3
Bathrooms: 1
Full bathrooms: 1
Heating
Central, Propane
Cooling
Central Air, Window Unit(s)
Features
Has basement: No
Has fireplace: No
Interior area
Total structure area: 1,456
Total interior livable area: 1,456 sqft
Finished area above ground: 1,456
Finished area below ground: 0
Property
Parking
Total spaces: 2
Parking features: Garage
Garage spaces: 2
Features
Levels: One
Stories: 1
Lot
Size: 1.7 Acres
Dimensions: 731 x 350
Details
Additional structures: Outbuilding
Parcel number: 070735001003002000
Construction
Type & style
Home type: SingleFamily
Property subtype: Single Family Residence
Condition
Year built: 1960
Utilities & green energy
Sewer: Septic Tank
Water: Private
Community & HOA
Community
Subdivision: Highway Acres
Location
Region: Billings
Financial & listing details
Price per square foot: $144/sqft
Tax assessed value: $86,100
Annual tax amount: $920
Date on market: 5/1/2026
Listing terms: Cash,See Remarks
Estimated market value
Zestimate®
$201,000
Estimated sales range
$191,000 - $211,000
Rent Zestimate®
$1,380/mo
Price history
Date
Event
Price
6/29/2026
Pending sale
$209,900$144/sqft
Source: SOMOMLS as distributed by MLS GRID #60322433Report a problem
6/9/2026
Price change
$209,900-4.5%$144/sqft
Source: SOMOMLS as distributed by MLS GRID #60322433Report a problem
5/1/2026
Listed for sale
$219,900$151/sqft
Source: SOMOMLS as distributed by MLS GRID #60322433Report a problem
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Source: SOMOMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.