704 N Tennessee St McKinney, TX 75069
East McKinney NeighborhoodEstimated payment $2,288/month
Total Views
18,301
3
Beds
2
Baths
1,376
Sq Ft
$254
Price per Sq Ft
Highlights
- Wood Flooring
- Covered patio or porch
- 1-Story Property
- Faubion Middle School Rated A-
- Interior Lot
- Ceiling Fan
About This Home
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: 2 bedrooms, 1 bathroom (768 Sq. FT ) & Unit B: 1 bedroom, 1 bathroom ( 608 Sq. FT) Lot size 7,927 Sq ft.
Each unit is equipped with mini-split systems throughout for efficient heating and cooling. Duplex shares a large partially fenced backyard.
Unit A. updated kitchen butcher board countertops, white Samsung dishwasher, and updated sink faucet, tile floors and wood flooring in living, and the two bedrooms. 704 B. not updated, tenant has been there for 10 years.
The seller is offering this duplex and two others duplexes- 706, 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.
This is an excellent opportunity for investors or developers looking to capitalize on the continued growth of the Downtown McKinney area.
Inquire about package deal pricing for all three duplexes.
Seller is selling the property AS IS. UNIT 704 A lease $1650 a month, with lease through May 31, 2026.
UNIT 704B $1090 a month, month to month
Annual Gross Income $31,080 with Gross Expense yearly property tax of $4,207, and Annual Insurance Expense is $3,200. Annual Net Income is $23,673.
Showings will be scheduled on a designated weekday EACH WEEK. Please contact co-listing agent Jacqueline at 214-449-2255
Listing Agent
Fathom Realty Brokerage Phone: 888-455-6040 License #0627321 Listed on: 04/16/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,207
Year Built
- Built in 1950
Lot Details
- 7,928 Sq Ft Lot
- Partially Fenced Property
- Interior Lot
- Back Yard
Home Design
- Duplex
- Pillar, Post or Pier Foundation
- Composition Roof
Interior Spaces
- 1-Story Property
- Ceiling Fan
- Electric Oven
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
Parking
- Shared Driveway
- Unpaved Parking
- On-Street Parking
- Off-Street Parking
Outdoor Features
- Covered patio or porch
Schools
- Caldwell Elementary School
- Mckinney Boyd High School
Utilities
- Cooling System Mounted In Outer Wall Opening
- High Speed Internet
- Cable TV Available
Listing and Financial Details
- Tax Lot 736
- Assessor Parcel Number R092600073601
Community Details
Overview
- 2 Units
- 1,376 Sq Ft Building
- Mckinney Outlots Subdivision
Building Details
- Gross Income $31,080
- Net Operating Income $23,673
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2023 | $4,207 | $229,382 | $144,000 | $85,382 |
| 2022 | $3,747 | $186,986 | $112,000 | $74,986 |
| 2021 | $2,964 | $139,589 | $72,000 | $67,589 |
| 2020 | $2,985 | $132,057 | $68,000 | $64,057 |
| 2019 | $3,894 | $163,809 | $63,000 | $100,809 |
| 2018 | $2,387 | $98,120 | $46,800 | $51,320 |
| 2017 | $2,323 | $95,490 | $43,200 | $52,290 |
| 2016 | $2,148 | $86,531 | $36,000 | $50,531 |
| 2015 | $1,650 | $62,882 | $25,200 | $37,682 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/30/2025 06/30/25 | Pending | -- | -- | -- |
| 04/16/2025 04/16/25 | For Sale | $350,000 | -- | $254 / Sq Ft |
Source: North Texas Real Estate Information Systems (NTREIS)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | -- | None Available | |
| Vendors Lien | -- | Hftc |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $78,000 | Purchase Money Mortgage |
Source: Public Records
Similar Homes in McKinney, TX
Source: North Texas Real Estate Information Systems (NTREIS)
MLS Number: 20905197
APN: R-0926-000-7360-1
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