704 N TENNESSEE STREET, MCKINNEY, TX 75069
Homes for sale in Mckinney.
Homes for sale in 75069.
List Price$350,000
704 N Tennessee Street
McKinney, TX 75069
Listing #20908767
3
Bedrooms
2 full
Bathrooms
1,376
Square Feet
House
Type
About This Property
Investment Opportunity in Historic Downtown McKinney 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: 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.
Property Features
Location Information
County
Collin
Subdivision
Mckinney Outlots
Interior Features
Rooms
First Floor Bedroom, First Floor Full Bath, First Floor Full Bath, First Floor Kitchen, First Floor Kitchen, First Floor Living Room, First Floor Living Room, First Floor Primary Bedroom, First Floor Primary Bedroom
Has Fireplace
No
Interior
High Speed Internet, Cable TV
Number of Fireplaces
0
Master Bedroom Description
13 x 15
Heating
Other
Full Baths
2
Cooling
Ceiling Fan(s), Wall Unit(s)
Living Room Description
13 x 11
Floors
Tile, Wood
Kitchen Description
13 x 8
Appliances
Electric Oven, Refrigerator
Exterior Features
Style
Craftsman
Lot Description
Back Yard, Interior Lot, Lawn
Stories
1
Lot Size in Acres
0.182
Foundation
Pillar/Post/Pier
Lot Size in Sq. Ft.
7,927
Roof
Composition
Lot Dimensions
7, 927 sQ FT
Parking Description
Asphalt, Off Street, Shared Driveway, On Street, Unpaved
Road Description
Asphalt
Garage Spaces
0
Is One Story
Yes
Fencing
Back Yard, Partial
Lot Description
Back Yard, Interior Lot, Lawn
Pool Description
None
School
Elementary School District
McKinney ISD
Jr. High School
Faubion
Elementary School
Caldwell
High School
Mckinney Boyd
Additional Information
Year Built Details
Preowned
Status
Closed
Property Type
SFR
Has a Home Owners Association
No
Property SubType 2
Duplex
Tax Annual Amount
4207.0
Property SubType
Single Family Residence
Lot Acres Source
Public Records
Year Built
1950
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Schools
Walk Score
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