2252 CR 342, MCKINNEY, TX 75071

Homes for sale in Mckinney.

Homes for sale in 75071.


2252 CR 342

McKinney, TX 75071

Active

List Price$2,489,500

Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image

Listing #21134836

14

Bedrooms

10 full

Bathrooms

13,100

Square Feet

Mobile Home

Type

About This Property

Rare 8-Acre, High-Yield Investment Opportunity in McKinney ETJ Melissa ISD This is the type of asset serious investors wait years to find. An 8-acre income-producing ranch delivering immediate cash flow with massive upside. The front 3 acres feature eight existing rental doors producing approximately $15,000 per month, creating instant income from day one. This alone can substantially offset or fully cover debt service. The rear 5 acres are unrestricted land with agricultural exemption potential, ideal for livestock, additional rental units, expansion housing, or future commercial,industrial use buyer to verify. Located in the McKinney ETJ, Melissa ISD this property offers flexibility that is increasingly rare. Infrastructure is already in place: three-phase electric, four water meters, permitted driveway access points, and excellent street frontage significantly reducing future development costs and accelerating ROI. For owner,users or hybrid investors, the wooded back acreage provides a private, buildready setting for a luxury custom residence, while rental income continues to perform in the foreground. Properties with this income, acreage, and infrastructure do not exist at this price point. Historical performance shows average appreciation of approximately 150,000 per year since 2017, making this both a cash-flow play and a longterm equity accelerator. Buy it for the income. Hold it for the appreciation. Expand it for exponential returns. This is not a maybe deal this is a generational asset. Schedule a showing before it's gone this is a combination of two properties next to each other with multiple homes.Unique opportunity for investors: acquire the property with a lease buyout of cell tower at closing, creating immediate cash flow leverage and potential reduction of out-of-pocket acquisition costs.

Property Features

Location Information

County

Collin

Subdivision

dew babb surveytract 8

Interior Features

Rooms

First Floor Bedroom, First Floor Bedroom, First Floor Bedroom, First Floor Bedroom, First Floor Bedroom, First Floor Bedroom, First Floor Bedroom, First Floor Bedroom, First Floor Bedroom, First Floor Bedroom, First Floor Bedroom, First Floor Bedroom, First Floor Bedroom, First Floor Bedroom, First Floor Dining Room, First Floor Dining Room, First Floor Dining Room, First Floor Exercise Room, First Floor Family Room, First Floor Kitchen, First Floor Living Room, First Floor Living Room, First Floor Living Room, First Floor Primary Bedroom

Has Fireplace

Yes

Interior

Decorative/Designer Lighting Fixtures, Double Vanity, Eat-in Kitchen, Granite Counters, High Speed Internet

Number of Fireplaces

1

Master Bedroom Description

0 x 0

Heating

Central, Electric, Heat Pump

Full Baths

10

Cooling

Central Air, Ceiling Fan(s), Electric

Dining Room Description

0 x 0

Floors

Carpet, Luxury Vinyl Plank

Living Room Description

0 x 0

Laundry

Washer Hookup, Dryer Hookup, ElectricDryer Hookup, Laundry in Utility Room, Stacked

Kitchen Description

0 x 0

Appliances

Dryer, Dishwasher, Electric Cooktop, Electric Oven, Electric Water Heater, Disposal, Microwave, Refrigerator, Washer

Exterior Features

Style

Ranch, Detached, Farmhouse

Has Garage

Yes

Stories

1

Garage Spaces

4

Construction

Brick

Fencing

Fenced, Gate, Pipe

Exterior

Fire Pit

Pool Description

None

Foundation

Slab

Lot Description

Acreage

Roof

Composition

Lot Size in Acres

7.98

Water / Sewer

Electricity Available, Electricity Connected, Septic Available, Separate Meters, Sewer Not Available, Water Available

Lot Size in Sq. Ft.

347,608

Utilities

Electricity Available, Electricity Connected, Septic Available, Separate Meters, Sewer Not Available, Water Available

Is One Story

Yes

Security System

Security System, Carbon Monoxide Detector(s), Smoke

Lot Description

Acreage

Parking Description

Additional Parking, Covered, Driveway, Electric Gate

School

Elementary School District

Melissa ISD

Jr. High School

East Cardinal

Elementary School

Sumeer

High School

Melissa

Additional Information

Property Type

MH

Status

Active

Property SubType 2

House

Has a Home Owners Association

No

Property SubType

Mobile Home

Tax Annual Amount

15195.0

Year Built

1981

Lot Acres Source

Assessor

Mortgage Calculator

$11,624

per month

30 Year Fixed. 3.52% Interest Rate.

Principal + Interest

$8,970

Monthly Tax

$2,074

Monthly Insurance

$580

yrs

%

$

$

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.

Schools

Walk Score

Real Estate IDX Powered by iHomefinder