708 N Tennessee ST Mckinney, TX 75069
2 Beds
2 Baths
1,496 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,496 sqft
Price per Sqft $250
Subdivision Mckinney Outlots
MLS Listing ID 20905502
Bedrooms 2
Full Baths 2
HOA Y/N No
Year Built 1950
Annual Tax Amount $4,336
Lot Size 8,015 Sqft
Acres 0.184
Lot Dimensions 8,015 SQ ft.
Property Sub-Type Duplex
Property Description
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. Showings will be scheduled on a designated weekday EACH WEEK. 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. FULLY RENTED DUPLEX!!! Seller is selling the property AS IS. Seller is gathering Gross Expenses and Insurance numbers and will have that data within the next few days. Unit 708A rent is $1300 a month, and on a month to month rent agreement. 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
Location
State TX
County Collin
Community Curbs
Direction From Downtown McKinney Square, take Tennessee North 2 blocks, property is located on the Right side ( YELLOW 1 story Duplex).
Interior
Interior Features High Speed Internet, Cable TV
Heating Other
Cooling Wall Unit(s)
Flooring Laminate, Tile
Fireplace No
Appliance Electric Oven, Refrigerator
Exterior
Parking Features Asphalt, On Site, Shared Driveway, On Street, Unpaved
Fence Partial, Wood
Pool None
Community Features Curbs
Utilities Available Sewer Available, Water Available, Cable Available
Water Access Desc Public
Roof Type Composition
Total Parking Spaces 2
Garage No
Building
Lot Description Back Yard, Interior Lot, Lawn
Foundation Pillar/Post/Pier
Sewer Public Sewer
Water Public
Level or Stories One
Schools
Elementary Schools Caldwell
Middle Schools Faubion
High Schools Mckinney Boyd
School District Mckinney Isd
Others
Senior Community No
Tax ID R092600073401
Security Features Smoke Detector(s)
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/20905502