708 N Tennessee Street, McKinney

$375,000

3 Beds
2 Baths
1,496 Sqft
.18 Acres
0 Garages

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

Essential Information
MLS® #20908911
Price$375,000
Bedrooms3
Bathrooms2.00
Full Baths2
Square Footage1,496
Acres0.18
Year Built1950
TypeResidential
Sub-TypeSingle Family Residence
StyleCraftsman
StatusActive
Community Information
Address708 N Tennessee Street
SubdivisionMckinney Outlots
CityMcKinney
CountyCollin
StateTX
Zip Code75069
Amenities
Utilities

City Sewer, City Water, Concrete, Curbs

Garages

On Street, Asphalt, On Site, Shared Driveway, Unpaved

Interior
HeatingOther
Interior Features

Cable TV Available, High Speed Internet Available

Exterior
RoofComposition
ConstructionSiding
FoundationPillar/Post/Pier
Lot Description

Interior Lot, Lrg. Backyard Grass

School Information
DistrictMcKinney ISD
ElementaryCaldwell
MiddleFaubion
HighMckinney Boyd
Listing Details
AgentSusan Beers
OfficeFathom Realty

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Listing information last updated on May 7th, 2025 at 12:05pm CDT.

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