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704 N Tennessee Street, McKinney, TX 75069

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For Sale
Sale Pending

$350,000

3 beds • 2 baths

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Over 50 Years Old
    Age

Explore this Property

Investment Opportunity in Historic Downtown McKinney 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
MLS# 20905197

Courtesy Of Fathom Realty LLC, Listed By Susan Beers

(888) 455-6040

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Ceiling Fan, Cable Ready
  • Appliances
    Refrigerator
  • Architecture Style
    Other
  • Cooling System
    Ceiling Fan(s)
  • Floor Covering
    Tile, Wood
  • Lot Size
    0.18 Acres

Map and Directions

Directions to 704 N Tennessee Street, McKinney, TX 75069

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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