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708 N Tennessee Street, McKinney, TX 75069

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For Sale
Sale Pending

$350,000

2 beds2 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: 1 bedroom, 1 bathroom (748 SQ. FT ) &  Unit B: 1 bedroom, 1 bathroom (748 SQ. FT ). Lot size is 8,015 Sq. ft. Each unit is equipped with mini-split systems throughout for efficient heating and cooling. Duplex located in a Business Neighborhood (BN) zoning district, ideal for long-term investment or redevelopment. All units are tenant-occupied, providing immediate income potential. 708 B.unit has butcher block counter tops, and stainless steel dishwasher. Inquire about package deal pricing for all three duplexes. This is an excellent opportunity for investors or developers looking to capitalize on the continued growth of the Downtown McKinney area. Seller is selling the property AS IS. Unit 708A rent is $1300 a month, with a valid lease until May 31, 2026. Unit 708B $1500 a month and lease ends September 30, 2025. Annual Gross Income $33,600 with Gross Expense yearly property tax of $4,336, and Annual Insurance Expense is $3,200. Annual Net Income is $26,064 Showings will be scheduled on a designated weekday EACH WEEK. Contact CO- listing realtor to Jacqueline 214-449-2255
MLS# 20905502

Courtesy Of Fathom Realty LLC, Listed By Susan Beers

(888) 455-6040

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Cable Ready
  • Appliances
    Refrigerator
  • Architecture Style
    Other
  • Floor Covering
    Laminate, Tile
  • Lot Size
    0.18 Acres

Home seller CENTURY 21 Mike Bowman, Inc.

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Mike Bowman, Inc.

(817) 354-7653
Learn More About Us

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