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Property Description

Introducing an exceptional investment opportunity at 607 W Erwin Avenue and 1212 College Street, nestled in the heart of McKinney, Texas. This unique offering encompasses two leased units on a single lot, presenting a rare chance to acquire two properties for the price of one. Currently generating a NOI of 6% with both rents currently below market value, this is a lucrative asset for any investor seeking to expand their portfolio in the thriving McKinney area. In 2020, both units received new roofs and new paint.
1212 College Street: This unit is currently under lease for $1,200 a month until February 28, 2025. It boasts a comfortable living space that accommodates tenants with ease and convenience.
607 W Erwin Avenue: Extensively updated in 2020, this unit shines with a brand-new kitchen, a new bathroom, a fresh coat of paint, new windows, and updated flooring throughout. Currently leased for $1,550 a month until December 31, 2024, it offers a modern and inviting living environment.

Features
: Central, Electric
: Shingle
: Block, Concrete
: Carpet, Vinyl
: Slab
: Built-in Features
Address Map
US
TX
Collin
McKinney
75069
607
Erwin
Avenue
n/a
W97° 22' 46.5''
N33° 12' 28.4''
W
Additional Information
Take 75 North and take the White Ave exit. Go East then turn right onto N College St and a left on W Erwin. The homes are both on the right.
$4,322
: City Sewer, City Water, Electricity Connected
Watch Virtual Tour
The Joyce Realty Group
0676044
Schools
Mckinney
Evans

607 W Erwin Avenue

McKinney, Texas 75069

4 Bedrooms
2 Bathrooms
0.12 Acre
$405,000
MLS #20560162
Basic Details
Status : Active
Bedrooms : 4
Bathrooms : 2
Property Type : Residential Income
Lot Size : 0.12 Acre
Price : $405,000
Year Built : 1960
MLS : 20560162
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Corporate Office
Mount Pleasant
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