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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Subdivision Mckinney Outlots
MLS Listing ID 20570196
Sold Date 09/10/24
Bedrooms 4
Full Baths 2
HOA Y/N None
Total Fin. Sqft 1549
Year Built 1960
Annual Tax Amount $5,077
Lot Size 5,662 Sqft
Acres 0.13
Property Description
Discover a prime duplex investment that is walking distance from downtown McKinney at 304 Oak Street in McKinney, TX. Offering a solid 6% NOI with both units renting below market value. The North unit secures $1,200 a month until December 31, 2024, while the South unit, updated in 2020, commands $1,500 a month until February 28, 2025. Upgrades include a new kitchen, new bathroom, repaint, windows, and flooring, enhancing appeal and value. Ideal for investors seeking steady income and growth potential in a vibrant location. Don't miss this turnkey asset in a sought-after area.
Location
State TX
County Collin
Direction Take 75 to W. Louisiana Street and go East about 1 mile. Take a left on Oak Street. Go about 4 blocks and duplex is on the right.
Interior
Interior Features Cable TV Available
Heating Central, Electric
Cooling Central Air, Electric
Flooring Carpet, Luxury Vinyl Plank, Vinyl
Appliance Electric Oven, Electric Range, Microwave, Refrigerator
Heat Source Central, Electric
Exterior
Fence Wood
Utilities Available Asphalt, City Sewer, City Water, Curbs, Individual Water Meter, Overhead Utilities
Roof Type Composition
Garage No
Building
Story One
Foundation Pillar/Post/Pier
Level or Stories One
Structure Type Wood
Schools
Elementary Schools Minshew
Middle Schools Dr Jack Cockrill
High Schools Mckinney Boyd
School District Mckinney Isd
Others
Ownership Ben and Alycia Kuehne
Financing FHA
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Bought with Jason Brown • Solutions Real Estate Texas
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