214 Colorado St

McKinney TX 75069

1294 sq. ft.

10890 sq. ft.

Single-Family

Currently for sale - view listing

Overview

HISTORIC MCKINNEY CHARMER – IDEAL FOR INVESTORS, FIRST-TIME BUYERS, DOWNSIZERS! Nestled in the heart of Historic McKinney, this lovingly renovated Craftsman-style cottage blends timeless character with modern updates. Thoughtfully restored and move-in ready, the home features restored original hardwood floors, high baseboards, and inviting living spaces filled with charm. Major improvements include a completely updated electrical system with a new electrical panel and breaker box, a newer HVAC system, updated flooring, and beautifully remodeled kitchen and bathroom spaces. Outside, enjoy a large, fully fenced backyard enclosed by a wood privacy fence. Additional amenities include a garage and a separate storage room, offering valuable extra space. Located in a rapidly revitalizing neighborhood, surrounding properties are being restored or replaced with new construction, enhancing the area's appeal and long-term value. For investors and first-time buyers alike, this property offers a turnkey opportunity — furniture and supplies are available for purchase, making it easy to move in or start generating income with minimal setup. It has maintained an impressive Airbnb rental history from August 2021 through the present, generating an average annual revenue of approximately $43,105, or $3,596 per month. Whether you're seeking a primary residence, a downsizing opportunity, or an investment property with established short-term rental performance, this Historic McKinney gem deserves a closer look.