For Sale

Listed by Merle Varner from Fathom Realty

Source: North Texas Real Estate Information Systems, Inc. #20394127

402 Board Street, McKinney, TX, 75069

$1,495,000

8
3828 sq. ft.
13068 sq. ft.

Duplex

30+ days on the market

What's around 402 Board Street

About this property

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).

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