706 N Tennessee Street

McKinney, Texas 75069

  • 2 Bed(s)
  • 2 Bath(s)
  • 0 Sqft
  • 0.163
    Acre(Lot)
$350,000

Description

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: 1 bedroom, 1 bathroom & unit b: 1 bedroom, 1 bathroom. (unit a. is 672 sq. ft), (unit b. is 672 sq. ft) lot size is 7,100 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 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.
showings will be scheduled a designated weekday evening showing window each week. please contact co-listing agent jacqueline at 214-449-2255.
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. fully rented duplex with tenants!!! inquire about package deal pricing for all three duplexes. seller is gathering gross expenses and insurance numbers and will have that data within the next few days. unit 706a rent is $1400 a month and is on a month-to-month rental agreement, open to a year lease. unit 706b rent is $1450 and lease ands april 1, 2026
annual gross income is $34,200 with gross expense yearly property tax of $3,905 and annual insurance expense of $3,217. annual net income is $27,078.

  • Property Type

    Residential Income

  • Subdivision

    Mckinney Outlots

  • County

    Collin

  • Style

    Residential Income

  • AD ID

    49379944

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Property Details

  • Bedroom Information

    • Total Bedrooms : 2

    Bathroom Information

    • Total Baths: 2
    • Full Baths: 2
    • Half Baths: 0

    Interior Features

    • Cable TV Available,High Speed Internet Available

    Appliances

    • Electric Oven,Refrigerator

    Utilities

    • Asphalt,City Sewer,City Water,Individual Gas Meter,Individual Water Meter

    Cooling Features

    • Ceiling Fan(s),Wall Unit(s),Other

    Heating Source

    • Other

    Fireplace

    • Number of Fireplaces: 0

  • Building Information

    • Built Year: 1950
    • Building Area Total: 1,344
    • Construction: Siding
    • Roof Type: Composition

    Foundation

    • Pillar/Post/Pier

    Security Features

    • Smoke Detector(s)

    Fencing

    • Metal,Partial

    Construction Materials

    • Siding

  • Lot Information

    • Lot Size (Acr): 0.1630
    • Lot Size Units: Acres
    • Lot Size Square Feet: 7100.2800
    • Lot Size Source: Assessor
    • Lot Features: Interior Lot,Lrg. Backyard Grass

    Property Information

    • Property Type: Residential Income
    • Property Sub Type: Duplex
    • Subdivision: Mckinney Outlots
    • City: McKinney
    • State: Texas
    • Directions: From Downtown McKinney Square, take Tennessee North 2 blocks, property is located on the Right side ( Blue 1 story Duplex).
    • Property Status: Active

  • Listing Price Information

    • Original List Price: $350,000

    Listing Information

    • Possession: Closing/Funding,Subject to Lease

  • Tax Information

    • Parcel Number: R092600073501
    • Tax Legal Description: MCKINNEY OUTLOTS (CMC), LOT 735
    • Tax Lot: 735
    • Unexempt Taxes: $3,905

  • Parking Information

    • Garage Space: 0
    • Parking: 2
    • Parking Features: Asphalt,Off Street,On Site,Shared Driveway,Unpaved

    Homeowners Association Information

    • HOA Type: None

  • School Information

    • Elementary School: Caldwell
    • Middle School: Faubion
    • High School: Mckinney Boyd
    • School District: McKinney ISD

    Utility Information

    • Utilities: Asphalt,City Sewer,City Water,Individual Gas Meter,Individual Water Meter
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Disclosure: Listing information provided in part by the North Texas Real Estate Information Systems, Inc, for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. All information is deemed reliable but not guaranteed. Copyright © NTREIS 2025. All rights reserved

BuyOwner last updated this listing 05/12/2025 @ 04:13

  • MLS: 453978016
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: NTREIS - North Texas Real Estate Information

is a Home, with 2 bedrooms which is for sale, it has 0 sqft, 0 sized lot, and 0 parking. are nearby neighborhoods.