402 N Board Street, McKinney, Texas 75069

  • $1,495,000
  • $1,550,000
402 N Board Street, McKinney, Texas 75069
For Sale
402 N Board Street, McKinney, Texas 75069
  • $1,495,000
  • $1,550,000

Overview

Property ID: 7953502
  • Residential Income
  • Property Type
  • 3828.00
  • Sqft
  • 1963
  • Year Built

Description

RARE Investment opportunity to own 2 Duplexes in the historic district of downtown McKinney. Property consists of 4-957 sq ft units. Located 3 blocks Northwest of the square. Location! Location! Location! 3 fully remodeled units, 1 partially remodeled. New sheds, landscaping, sod, irrigation system 2022-23, new roof 2017. Great property to owner occupy the partially remodeled unit. Property located in a quiet neighborhood in the historic district of McKinney surrounded by high-end historic homes where local law enforcement patrol daily on horseback! Opportunity to raise the rents yielding a cap rate of 5.22%. All units have storage sheds & outdoor living space. McKinney real estate appreciated 144% over the last 10 yrs, which is an avg annual home appreciation rate of 9%, putting McKinney in the top 10% nationally for real estate appreciation. Overall condition of properties A+. Units for sale: 402, 404 N Board St, 407, 409 N Benge St (bldgs back up to each other between 2 sts).

  • Address 402 N Board Street
  • City McKinney
  • State/county Texas
  • Zip/Postal Code 75069
  • Area Mckinney Original Donation
  • Country United States

Details

Updated on August 16, 2023 at 10:48 pm
  • Property ID: 7953502
  • Price: $1,495,000
  • Property Size: 3828.00 Sqft
  • Land Area: 0.3000 Acres
  • Year Built: 1963
  • Property Type: Residential Income
  • Property Status: For Sale
  • Living Area: 3828.00
  • MLS#: 20394127
  • Office Name: FATHOM REALTY
  • Agent Name: Merle Varner
  • MLS Status: Active
  • Living Area Prefix: Sqft

Additional details

  • Listing Terms: Cash,Conventional
  • School District: McKinney ISD
  • Roof: Composition
  • Utilities: City Sewer,City Water,Curbs,Individual Gas Meter,Master Water Meter
  • Cooling: Central Air,Electric
  • Heating: Natural Gas
  • Flooring: Ceramic Tile,Vinyl
  • County: Collin
  • Property SubType: Duplex
  • Parking: Carport
  • Elementary School: Caldwell
  • Middle School: Faubion
  • High School: Mckinney Boyd

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