708 N Tennessee ST Save Request In-Person Tour Request Virtual Tour
Mckinney,TX 75069
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 1,496 sqft
Price per Sqft $233
Subdivision Mckinney Outlots
MLS Listing ID 20908911
Style Craftsman
Bedrooms 2
Full Baths 2
Year Built 1950
Annual Tax Amount $4,336
Lot Size 8,015 Sqft
Property Sub-Type Single Family Residence
Property Description
Investment Opportunity 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 shares a large partially fenced backyard The seller is offering this duplex and two others duplexes- 704, and 706 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. 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 $1425 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
Location
State TX
County Collin
Community Curbs
Interior
Heating Other
Cooling Wall Unit(s)
Flooring Laminate,Tile
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
Roof Type Composition
Building
Lot Description Back Yard,Interior Lot,Lawn
Dwelling Type Duplex
Foundation Pillar/Post/Pier
Sewer Public Sewer
Water Public
Schools
Elementary Schools Caldwell
Middle Schools Faubion
High Schools Mckinney Boyd
School District Mckinney Isd
Others
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/20908911