706 N Tennessee St

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.