704 N Tennessee Street

Description

Investment Opportunity in Historic Downtown McKinneyLocated 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 (750 Sq. FT ) & Unit B: 1 bedroom, 1 bathroom ( 626 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 valid thoryhg 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.