706 N Tennessee St Unit 706 McKinney, TX 75069
East McKinney NeighborhoodEstimated payment $2,262/month
Total Views
16,637
2
Beds
2
Baths
1,344
Sq Ft
$260
Price per Sq Ft
Highlights
- Wood Flooring
- Interior Lot
- Ceiling Fan
- Faubion Middle School Rated A-
- 1-Story Property
- High Speed Internet
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: 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..
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. Inquire about package deal pricing for all three duplexes.
Unit 706A rent is $1400 a month and is on a month-to-month rental agreement. 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.
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
- $3,905
Year Built
- Built in 1950
Lot Details
- 7,100 Sq Ft Lot
- Partially Fenced Property
- Aluminum or Metal Fence
- Interior Lot
- Back Yard
Home Design
- Duplex
- Pillar, Post or Pier Foundation
- Composition Roof
Interior Spaces
- 1-Story Property
- Ceiling Fan
- Fire and Smoke Detector
- Electric Oven
Flooring
- Wood
- Laminate
- Tile
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Full Bathrooms
Parking
- Shared Driveway
- Unpaved Parking
- On-Site Parking
- Off-Street Parking
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 735
- Assessor Parcel Number R092600073501
Community Details
Overview
- 2 Units
- 1,344 Sq Ft Building
- Mckinney Outlots Subdivision
Building Details
- Gross Income $34,200
- Net Operating Income $27,078
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 | $3,905 | $211,423 | $128,000 | $83,423 |
| 2022 | $3,419 | $170,612 | $112,000 | $58,612 |
| 2021 | $2,633 | $123,990 | $72,000 | $51,990 |
| 2020 | $2,663 | $117,813 | $68,000 | $49,813 |
| 2019 | $3,540 | $148,896 | $50,400 | $98,496 |
| 2018 | $2,358 | $96,943 | $46,800 | $50,143 |
| 2017 | $2,293 | $94,290 | $43,200 | $51,090 |
| 2016 | $2,119 | $85,372 | $36,000 | $49,372 |
| 2015 | $1,626 | $62,018 | $25,200 | $36,818 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/30/2025 06/30/25 | Pending | -- | -- | -- |
| 04/18/2025 04/18/25 | For Sale | $350,000 | +59.1% | $260 / Sq Ft |
| 10/12/2018 10/12/18 | Sold | -- | -- | -- |
| 08/21/2018 08/21/18 | Pending | -- | -- | -- |
| 07/11/2017 07/11/17 | For Sale | $220,000 | -- | $164 / Sq Ft |
Source: North Texas Real Estate Information Systems (NTREIS)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Listed On Document | |
| Interfamily Deed Transfer | -- | None Available | |
| Vendors Lien | -- | None Available | |
| Vendors Lien | -- | Hftc |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $122,500 | New Conventional | |
| Previous Owner | $116,100 | Purchase Money Mortgage | |
| 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: 20905470
APN: R-0926-000-7350-1
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