Michelle Lim

REMAX Premier
License number: 0630492
phone: (972) 696-9546
 mobile: (214) 205-1338
 fax: (972) 403-2015
 www.mlzip.com
2100 Dallas Parkway Suite102
 Plano, TX 75093
$2,250,000
2252 CR 342, McKinney, Texas 75071, USA
MLS#
21134836
Property type
Residential For Sale, Single Family
Property Size
13,100 sqft (1,216.99 m2)
Land size
7.98 sqft (0.74 m2)
Status
Bedrooms
14
Baths
10
Sale price per sqm
1,848.76 $
Virtual Tour
Rare 8-Acre, High-Yield Investment Opportunity in McKinney ETJ Melissa ISD This is the type of asset serious investors wait years to find. An 8-acre income-producing ranch delivering immediate cash flow with massive upside. The front 3 acres feature eight existing rental doors producing approximately $15,000 per month, creating instant income from day one. This alone can substantially offset or fully cover debt service. The rear 5 acres are unrestricted land with agricultural exemption potential, ideal for livestock, additional rental units, expansion housing, or future commercial,industrial use buyer to verify. Located in the McKinney ETJ, Melissa ISD this property offers flexibility that is increasingly rare. Infrastructure is already in place: three-phase electric, four water meters, permitted driveway access points, and excellent street frontage significantly reducing future development costs and accelerating ROI. For owner,users or hybrid investors, the wooded back acreage provides a private, buildready setting for a luxury custom residence, while rental income continues to perform in the foreground. Properties with this income, acreage, and infrastructure do not exist at this price point. Historical performance shows average appreciation of approximately 150,000 per year since 2017, making this both a cash-flow play and a longterm equity accelerator. Buy it for the income. Hold it for the appreciation. Expand it for exponential returns. This is not a maybe deal this is a generational asset. Schedule a showing before it’s gone this is a combination of two properties next to each other with multiple homes.Unique opportunity for investors: acquire the property with a lease buyout of cell tower at closing, creating immediate cash flow leverage and potential reduction of out-of-pocket acquisition costs.
Rooms
  • 2 dining rooms
Property Details
1981 Year Built:
Farm/Ranch House, Single Detached, Ranch Property type:
Brick Construction:
Refrigerator, Dishwasher, Microwave, Cooktop - Electric, Oven-Electric, Disposal, Washer, Dryer Appliances:
1 Number of Fireplaces:
Wood burning Fireplace Description:
Garage, Decorative Lighting Property Features:
Carpet Floors:
Burglar Bars Security Features:
septic tank, Aerobic Septic, Co-op Water, Individual Water Meter Utilities:
Central, Electric, Heat Pump Heating System:
Central, Electric, Ceiling Fan Cooling System:
Broadband internet access Telecommunication:
Will Subdivide Lot Description:
On Slab Basement and Foundation:
composition Roofing:
Pipe Fencing:
Parking / Garage
Covered Parking Parking type:
4 Garage Spaces:
Garage Dimensions: 21 x 21 Garage Dimensions:
Attached Garage Garage Description:
2 Number of Carport Spaces:
School Information
761 School District:
Sumeer Elementary School:
Melissa High School:
East Cardinal Middle School:

Listing by: Fathom Realty
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