607 Erwin Avenue
McKinney, TX 75069
/ Whites Add
MLS ID# 20560162 Active
Multiple Single Units
$395,000
Details for 607 Erwin Avenue, McKinney TX 75069
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 and Details
- Category Multi-Family
- Type Multiple Single Units
- Area/Neighborhood Whites Add
- County Collin
- Acreage 0.12 Acres
- MLS ID# 20560162
- Year Built 1960
- Garage Capacity 0
- Living Area 0 sqft
- Room Name Size
- Complex Name
- n/a
- Construction
- Block, Concrete, Shingle, Slab
- Heating/Cooling
- Central, Electric, Central Air,Electric
- Association Fee
- None
- Flooring
- Carpet, Vinyl
- Green Features
- Green Verification Count: 0
- Interior Features
- Built-in Features
- Parking
- Additional
- Utilities
- City Sewer, City Water, Electricity Connected
- Year Built
- 1960, Preowned
- Gross Annual Expenses
- 4200.00
- Gross Annual Income
- 33000.00
- Net Operation Income
- 25400
- # of Buildings
- 2
- OccupancyRate
- 100