2252 CR 342 Mckinney, TX 75071
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 13,100 sqft
Subdivision Dew Babb Surveytract 8
MLS Listing ID 21134836
Style Ranch
Bedrooms 14
Full Baths 10
HOA Y/N None
Year Built 1981
Annual Tax Amount $15,195
Lot Size 7.980 Acres
Acres 7.98
Property Sub-Type Single Family Residence
Property Description
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.
Location
State TX
County Collin
Direction gps
Rooms
Dining Room 2
Interior
Interior Features Decorative Lighting, Double Vanity, Eat-in Kitchen, Granite Counters, High Speed Internet Available
Heating Central, Electric, Heat Pump
Cooling Ceiling Fan(s), Central Air, Electric
Flooring Carpet, Luxury Vinyl Plank
Fireplaces Number 1
Fireplaces Type Wood Burning
Appliance Dishwasher, Disposal, Dryer, Electric Cooktop, Electric Oven, Electric Water Heater, Microwave, Refrigerator, Washer
Heat Source Central, Electric, Heat Pump
Laundry Electric Dryer Hookup, Utility Room, Full Size W/D Area, Stacked W/D Area, Dryer Hookup, Washer Hookup
Exterior
Exterior Feature Fire Pit
Garage Spaces 4.0
Carport Spaces 2
Fence Fenced, Gate, Pipe
Utilities Available Aerobic Septic, Co-op Electric, Co-op Water, Electricity Connected, Individual Water Meter, Outside City Limits, Septic, Sewer Not Available
Roof Type Composition
Total Parking Spaces 4
Garage Yes
Building
Lot Description Acreage
Story One
Foundation Slab
Level or Stories One
Structure Type Brick
Schools
Elementary Schools Sumeer
Middle Schools East Cardinal
High Schools Melissa
School District Melissa Isd
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21134836
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