708 N Tennessee Street

McKinney, Texas 75069

  • 3 Bed(s)
  • 2 Bath(s)
  • 1,496 Sqft
  • 0.184
    Acre(Lot)
$375,000

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 (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. showings will begin the day of the open house april 22nd from 5-7 pm, with an additional designated weekday evening showing window each week. 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. fully rented duplex!!! seller is selling the property as is. seller is gathering gross expenses and insurance numbers and will have that data within the next few days. unit 708a rent is $1300 a month, and on a month to month rent agreement. 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

  • Property Type

    Residential

  • Subdivision

    Mckinney Outlots

  • County

    Collin

  • Style

    Attached or 1/2 Duplex

  • AD ID

    49409119

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Property Details

  • Bedroom Information

    • Total Bedrooms : 3

    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

    • City Sewer,City Water,Concrete,Curbs

    Cooling Features

    • Wall Unit(s)

    Heating Source

    • Other

    Fireplace

    • Number of Fireplaces: 0

  • Building Information

    • Built Year: 1950
    • Construction: Siding
    • Roof Type: Composition

    Foundation

    • Pillar/Post/Pier

    Security Features

    • Smoke Detector(s)

    Fencing

    • Partial,Wood

    Construction Materials

    • Siding

  • Lot Information

    • Lot Size (Acr): 0.1840
    • Lot Size Units: Acres
    • Lot Size Square Feet: 8015.0400
    • Lot Size Source: Public Records
    • Lot Features: Interior Lot,Lrg. Backyard Grass

    Property Information

    • SQ ft (Living Area): 1,496
    • Property Type: Residential
    • Property Sub Type: Single Family Residence
    • Architectural Style: Craftsman
    • Subdivision: Mckinney Outlots
    • City: McKinney
    • State: Texas
    • Directions: From Downtown McKinney Square, take Tennessee North 2 blocks, property is located on the Right side ( YELLOW 1 story Duplex).
    • Property Status: Active

  • Listing Price Information

    • Original List Price: $375,000
    • List Price Tot SqFt: $251

    Listing Information

    • Possession: Closing/Funding,Subject to Lease

  • Tax Information

    • Parcel Number: R092600073401
    • Tax Legal Description: MCKINNEY OUTLOTS (CMC), LOT 734
    • Tax Lot: 734
    • Unexempt Taxes: $4,336

  • Parking Information

    • Garage Space: 0
    • Parking Features: Asphalt,On Site,On Street,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: City Sewer,City Water,Concrete,Curbs
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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 @ 11:31

  • MLS: 454133069
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: NTREIS - North Texas Real Estate Information

is a Home, with 3 bedrooms which is for sale, it has 1,496 sqft, 0 sized lot, and 0 parking. are nearby neighborhoods.