2252 CR 342, MCKINNEY, TX 75071
Homes for sale in Mckinney.
Homes for sale in 75071.
2252 CR 342
McKinney, TX 75071
List Price$2,489,500
Listing #21134836
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
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