2252 CR 342
McKinney, TX 75071 · View on map ↓
Overview
Description
THIS Property is offered well below appraised value .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
| Room | Dimensions | Level |
|---|---|---|
| Primary Bedroom | 0 x 0 | First |
| Bedroom | 0 x 0 | First |
| Bedroom | 0 x 0 | First |
| Bedroom | 0 x 0 | First |
| Bedroom | 0 x 0 | First |
| Bedroom | 0 x 0 | First |
| Bedroom | 0 x 0 | First |
| Bedroom | 0 x 0 | First |
| Bedroom | 0 x 0 | First |
| Bedroom | 0 x 0 | First |
| Bedroom | 0 x 0 | First |
| Bedroom | 0 x 0 | First |
| Bedroom | 0 x 0 | First |
| Bedroom | 0 x 0 | First |
| Bedroom | 0 x 0 | First |
| Living Room | 0 x 0 | First |
| Living Room | 0 x 0 | First |
| Living Room | 0 x 0 | First |
| Kitchen | 0 x 0 | First |
| Dining Room | 0 x 0 | First |
| Dining Room | 0 x 0 | First |
| Dining Room | 0 x 0 | First |
| Exercise Room | 0 x 0 | First |
| Family Room | 0 x 0 | First |
- Appliances
- Dryer, Dishwasher, Electric Cooktop, Electric Oven, Electric Water Heater, Disposal, Microwave, Refrigerator, Washer
- Interior Features
- Decorative Designer Lighting Fixtures, Double Vanity, Eat In Kitchen, Granite Counters, High Speed Internet
- Flooring
- Carpet, Luxury Vinyl Plank
- Laundry
- Washer Hookup, Dryer Hookup, Electric Dryer Hookup, Laundry In Utility Room, Stacked
- Fireplaces
- 1 · Wood Burning
- Heating
- Central, Electric, Heat Pump
- Cooling
- Central Air, Ceiling Fans, Electric
- Utilities
- Electricity Available, Electricity Connected, Septic Available, Separate Meters, Sewer Not Available, Water Available
- Architectural Style
- Ranch, Detached, Farmhouse
- Construction
- Brick
- Roof
- Composition
- Foundation
- Slab
- Exterior Features
- Fire Pit
- Pool
- None
- Security
- Security System, Carbon Monoxide Detectors, Smoke Detectors
- Levels
- One
- Stories
- 1
- Garage Spaces
- 4
- Attached Garage
- Yes
- Carport Spaces
- 2
- Covered Spaces
- 4
Schools
- Elementary
- Sumeer (Melissa ISD)
- Middle
- East Cardinal (Melissa ISD)
- High
- Melissa (Melissa ISD)
Location
Nearby Properties
2252 County Road 342
McKinney, TX 75071
Ron Morgan · Fathom Realty
2212 County Road 342
McKinney, TX 75071
Ron Morgan · Fathom Realty
4590 County Road 340
McKinney, TX 75071
Janelle Alcantara · Briggs Freeman Sotheby's Int'l
4360 County Road 411
McKinney, TX 75071
Kayti Gage · Gage Realty
2115 Paradise Ranch Trail
McKinney, TX 75071
Tom Grisak · Keller Williams Realty Allen
3227 Berry Hollow
Melissa, TX 75454
Kathleen Langley · Ebby Halliday Realtors
Listed by Ron Morgan · Fathom Realty
Source: NTREIS · MLS#: 21134836
Information deemed reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) program of NTREIS. Real estate listings held by brokerage firms other than Sirka.com are marked with the IDX logo and detailed information about them includes the name of the listing brokers.
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