3 Beds
2 Baths
7,927 Sqft Lot
3 Beds
2 Baths
7,927 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Pending
Purchase Type For Sale
Subdivision Mckinney Outlots
MLS Listing ID 20905197
Bedrooms 3
Full Baths 2
HOA Y/N None
Total Fin. Sqft 1376
Year Built 1950
Annual Tax Amount $4,207
Lot Size 7,927 Sqft
Acres 0.182
Lot Dimensions 7,927 sQ FT
Property Sub-Type Duplex
Property Description
Located less than half a mile from the charming Downtown McKinney Square, this property offers walkable access to boutique shops, restaurants, and year-round entertainment. The surrounding area is experiencing significant growth, with a vibrant mix of new retail and residential developments enhancing its appeal.
This duplex features two units: Unit A: 2 bedrooms, 1 bathroom (768 Sq. FT ) & Unit B: 1 bedroom, 1 bathroom ( 608 Sq. FT) Lot size 7,927 Sq ft.
Each unit is equipped with mini-split systems throughout for efficient heating and cooling. Duplex shares a large partially fenced backyard.
Unit A. updated kitchen butcher board countertops, white Samsung dishwasher, and updated sink faucet, tile floors and wood flooring in living, and the two bedrooms. 704 B. not updated, tenant has been there for 10 years.
The seller is offering this duplex and two others duplexes- 706, and 708 N. Tennessee—all located in a Business Neighborhood (BN) zoning district, ideal for long-term investment or redevelopment. All units are tenant-occupied, providing immediate income potential.
This is an excellent opportunity for investors or developers looking to capitalize on the continued growth of the Downtown McKinney area.
Inquire about package deal pricing for all three duplexes.
Seller is selling the property AS IS. UNIT 704 A lease $1650 a month, with lease through May 31, 2026.
UNIT 704B $1090 a month, month to month
Annual Gross Income $31,080 with Gross Expense yearly property tax of $4,207, and Annual Insurance Expense is $3,200. Annual Net Income is $23,673.
Showings will be scheduled on a designated weekday EACH WEEK. Please contact co-listing agent Jacqueline at 214-449-2255
Location
State TX
County Collin
Direction From Downtown McKinney Square, take Tennessee North 2 blocks, property is located on the Right side ( Gray, One story Duplex).
Interior
Interior Features Cable TV Available, High Speed Internet Available
Heating Other
Cooling Ceiling Fan(s), Wall Unit(s)
Flooring Tile, Wood
Appliance Electric Oven, Refrigerator
Heat Source Other
Exterior
Fence Back Yard, Partial
Utilities Available Asphalt, City Sewer, Individual Gas Meter
Roof Type Composition
Garage No
Building
Lot Description Interior Lot, Lrg. Backyard Grass
Story One
Foundation Pillar/Post/Pier
Level or Stories One
Structure Type Siding
Schools
Elementary Schools Caldwell
Middle Schools Faubion
High Schools Mckinney Boyd
School District Mckinney Isd
Others
Ownership See CAD
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/20905197
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