PENDING
$25K PRICE DROP
708 N Tennessee St Unit 708 McKinney, TX 75069
East McKinney NeighborhoodEstimated payment $2,300/month
Total Views
15,754
2
Beds
2
Baths
1,496
Sq Ft
$234
Price per Sq Ft
Highlights
- Interior Lot
- Tile Flooring
- High Speed Internet
- Faubion Middle School Rated A-
- 1-Story Property
- Partially Fenced Property
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 (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. 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. Seller is selling the property AS IS.
Unit 708A rent is $1300 a month, with a valid lease until May 31, 2026. 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
Showings will be scheduled on a designated weekday EACH WEEK. Contact CO- listing realtor to Jacqueline 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
- $4,336
Year Built
- Built in 1950
Lot Details
- 8,015 Sq Ft Lot
- Partially Fenced Property
- Wood Fence
- Interior Lot
- Back Yard
Home Design
- Duplex
- Pillar, Post or Pier Foundation
- Composition Roof
Interior Spaces
- 1-Story Property
- Fire and Smoke Detector
- Electric Oven
Flooring
- Laminate
- Tile
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Full Bathrooms
Parking
- Shared Driveway
- Unpaved Parking
- On-Street Parking
- On-Site 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 734
- Assessor Parcel Number R092600073401
Community Details
Overview
- 2 Units
- 1,496 Sq Ft Building
- Mckinney Outlots Subdivision
Building Details
- Gross Income $33,600
- Net Operating Income $26,064
Map
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
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 | $4,336 | $235,828 | $144,000 | $91,828 |
| 2022 | $4,141 | $206,648 | $126,000 | $80,648 |
| 2021 | $3,264 | $153,695 | $81,000 | $72,695 |
| 2020 | $3,286 | $145,393 | $76,500 | $68,893 |
| 2019 | $4,080 | $171,625 | $63,000 | $108,625 |
| 2018 | $2,631 | $108,188 | $52,650 | $55,538 |
| 2017 | $2,558 | $105,189 | $48,600 | $56,589 |
| 2016 | $2,363 | $95,185 | $40,500 | $54,685 |
| 2015 | $1,811 | $69,127 | $28,350 | $40,777 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/30/2025 06/30/25 | Pending | -- | -- | -- |
| 06/06/2025 06/06/25 | Price Changed | $350,000 | -6.7% | $234 / Sq Ft |
| 04/18/2025 04/18/25 | For Sale | $375,000 | -- | $251 / Sq Ft |
Source: North Texas Real Estate Information Systems (NTREIS)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Listed On Document | |
| Warranty Deed | -- | 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 | $114,000 | 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: 20905502
APN: R-0926-000-7340-1
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Listing information provided in part by the North Texas Real Estate Information Systems, Inc, for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. All information is deemed reliable but not guaranteed. Copyright © NTREIS 2025. All rights reserved
Nearby Homes
- 704 N Tennessee St
- 706 N Tennessee St Unit 706
- 702 N Tennessee St
- 605 N Kentucky St
- 609 N Tennessee St
- 604 N Benge St
- 405 Heard St
- 507 S McDonald St
- 811 N Church St
- 503 Smith St
- 401 N Benge St
- 203 Broad St
- 903 N College St
- 803 Main St
- 505 N College St
- 807 Florence St
- 1017 N Church St
- 1215 Coleman St
- 1105 Florence St
- 315 N College St