708 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 (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 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 on a designated weekday 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