Thank you
Ashton Kuehne
The Joyce Realty Group
214-629-6111
Introducing an exceptional investment opportunity at 607 W Erwin Avenue and 1212 College Street, nestled in the heart of McKinney, Texas. This unique offering encompasses two leased units on a single lot, presenting a rare chance to acquire two properties for the price of one. Currently generating a NOI of 6% with both rents currently below market value, this is a lucrative asset for any investor seeking to expand their portfolio in the thriving McKinney area. In 2020, both units received new roofs and new paint. 1212 College Street: This unit is currently under lease for $1,200 a month until February 28, 2025. It boasts a comfortable living space that accommodates tenants with ease and convenience. 607 W Erwin Avenue: Extensively updated in 2020, this unit shines with a brand-new kitchen, a new bathroom, a fresh coat of paint, new windows, and updated flooring throughout. Currently leased for $1,550 a month until December 31, 2024, it offers a modern and inviting living environment.
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Total Bedrooms : 4
Full Baths: 2
Built-in Features
Refrigerator
City Sewer,City Water,Electricity Connected
Central Air,Electric
Central,Electric
Built Year: 1960
Building Area Total: 1,902
Construction: Block,Concrete
Roof Type: Shingle
Slab
Block,Concrete
Lot Size (Acr): 0.1200
Lot Size Units: Acres
Lot Size Square Feet: 5227.2000
Property Type: Residential Income
Property Sub Type: Multiple Single Units
Subdivision: Whites Add
City: McKinney
State: Texas
Directions: Take 75 North and take the White Ave exit. Go East then turn right onto N College St and a left on W Erwin. The homes are both on the right.
Property Status: Active
Levels: One
Property Age: 64
Year Built Details: Preowned
Original List Price: $405,000
Possession: Closing/Funding
Parcel Number: R0840013034B1
Tax Block: 13
Tax Legal Description: WHITES ADDITION (CMC), BLK 13, LOT 34B
Tax Lot: 34B
Unexempt Taxes: $4,322
Parking: 2
Parking Features: Additional Parking
HOA Type: None
Elementary School: Lizzie Nell Cundiff McClure
Middle School: Evans
High School: Mckinney
School District: McKinney ISD
Utilities: City Sewer,City Water,Electricity Connected
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
951 Eldorado Parkway, Mckinney, TX,75069 | $2,000,000 | -- | -- | -- | 15.14 Acres |
10 AC E Us Highway 380, Mckinney, TX,75069 | $6,000,000 | -- | -- | -- | 10 Acres |
153 Enterprise Drive #2.., Mckinney, TX,75069 | $340,000 | 1 | 2 | 966 | -- |
TBD Cr 317, Mckinney, TX,75069 | $1,150,000 | -- | -- | -- | 6.128 Acres |
153 Enterprise Drive #1.., Mckinney, TX,75069 | $524,900 | 2 | 2 | 1,762 | -- |
1412 N Morris Street, Mckinney, TX,75069 | $525,000 | 3 | 2 | 2,596 | 0.29 Acre |
1015 West Street, Mckinney, TX,75069 | $569,000 | 4 | 3 | 2,649 | 0.45 Acre |
405 Heard Street, Mckinney, TX,75069 | $500,000 | 3 | 1 | 1,609 | 0.18 Acre |
1804 W Josephine Street, Mckinney, TX,75069 | $400,000 | 3 | 2 | 1,464 | 0.2 Acre |
1204 W Josephine Street, Mckinney, TX,75069 | $672,000 | 3 | 2 | 2,119 | 0.44 Acre |
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 2024. All rights reserved
ByOwner last updated this listing 05/05/2024 @ 07:09
MLS: 437033969
LISTED BY: Ashton Kuehne, The Joyce Realty Group
SOURCE: NTREIS - North Texas Real Estate Information
Buyer Agency Compensation: 3%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.