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402 Board Street

McKinney TX 75069

8
3828 sq. ft.
13068 sq. ft.
Duplex
Currently for sale - view listing

Overview

RARE Investment opportunity to own 2 Duplexes in the historic district of downtown McKinney. Property consists of 4-957 sq ft units. Located 3 blocks Northwest of the square. Location! Location! Location! 3 fully remodeled units, 1 partially remodeled. New sheds, landscaping, sod, irrigation system 2022-23, new roof 2017. Great property to owner occupy the partially remodeled unit. Property located in a quiet neighborhood in the historic district of McKinney surrounded by high-end historic homes where local law enforcement patrol daily on horseback! Opportunity to raise the rents yielding a cap rate of 5.22%. All units have storage sheds & outdoor living space. McKinney real estate appreciated 144% over the last 10 yrs, which is an avg annual home appreciation rate of 9%, putting McKinney in the top 10% nationally for real estate appreciation. Overall condition of properties A+. Units for sale: 402, 404 N Board St, 407, 409 N Benge St (bldgs back up to each other between 2 sts).

Features

8 carspaces
3828 sq. ft. floor area
13068 sq. ft. lot size
Duplex

Property history for 402 Board Street

2020
Rented
Undisclosed
30 Sep 2020 by Fathom Realty

Happy sellers in McKinney

94%
94% of sellers in McKinney reported that their sale price either exceeded or met their price expectations.

McKinney stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 6 reviews in McKinney over the last 12 months.

Local market activity for duplexes in McKinney

In the last 12 months, 4 duplexes similar to 402 Board Street, have been sold.

This represents a 25% increase in duplexes sales when compared to the previous 12 months.

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Sales:
(619) 566-0008
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