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Offered by Janith Boyd of Sociallivingrealestateboutique.

Description

Perfect income-producing property for investor or great location for owner-occupied next to downtown McKinney, Chestnut Square, and Davis on the Square Apts, zoned for McKinney Town Center. City is planning new Multi-Use Development just across Hwy 5 which will include new City Hall. Property facing Chestnut is leased by Chestnut Square Academy and is about 2529 SF and apartment facing Anthony is about 600 SF. Existing tenants have been leasing since 2015. Building in front had new ac in 2019, total lot size is approximately one-third acre. Apartment in back can only be shown after an offer is made. Do not disturb tenants.

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© 2021 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Pinnacle Group REALTORS. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than RE/MAX Pinnacle Group REALTORS are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2021-09-20T23:39:38.477.
www.daviddevries.com/homes/118401307
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402 S Chestnut Street Mckinney, TX 75069

  • Price: $600,000
  • Status: Active Option Contract
  • Updated: 114 min ago
  • MLS #: 14603373
0
Beds
0
Baths
0
½ Baths
0.33
Acres
1965
Built
Neighborhood:
Shorts Add
County:
Collin
Area:
McKinney
Property Description
Perfect income-producing property for investor or great location for owner-occupied next to downtown McKinney, Chestnut Square, and Davis on the Square Apts, zoned for McKinney Town Center. City is planning new Multi-Use Development just across Hwy 5 which will include new City Hall. Property facing Chestnut is leased by Chestnut Square Academy and is about 2529 SF and apartment facing Anthony is about 600 SF. Existing tenants have been leasing since 2015. Building in front had new ac in 2019, total lot size is approximately one-third acre. Apartment in back can only be shown after an offer is made. Do not disturb tenants.
Exterior Features

Construction Brick Construction Materials Walls Texture Foundation Pier & Beam Freight Doors No Dock Parking Or Garage 2-Car Single DoorsGarageSide Road Frontage Type CityCurbs/GuttersSidewalk Roof Composition

Interior Features

Ceiling Height 8 To10 Feet Commercial Features Inside StorageLiving AreasMulti-User Flooring CarpetVinyl Heating Central Air-ElecCentral Heat-Gas Sq Ft Building 3129 Sq Ft Gross 3129 Sq Ft Leasable 3129

Property Features

Building Area Source Tax Building Use Beauty/BarberChurchOfficeOtherRetail Commercial Zoning Bn Construction Status Preowned Gross Annual Expenses 8400 Gross Annual Income 35400 Inclusions Land & Improvements Leasable Spaces 2 Leased Spaces 2 Lot Size Source Tax Multi Zoning No Municipal Utility District No Net Annual Income 27000 Occupancy Rate 100 Possession Closing/Funding Property Type Com-Sale Proposed Financing CashConventional Special Notes Meets Ada GuidelinesSurvey Available Tenant Pays All UtilitiesRenters InsuranceYard Care Unexempt Taxes 6026 Utilities City SewerCity WaterConcreteCurbsIndividual Water Meter Will Subdivide No

Listing information © 2021 North Texas Real Estate Information System.


© 2021 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Pinnacle Group REALTORS. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than RE/MAX Pinnacle Group REALTORS are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2021-09-20T23:39:38.477.
 
https://bt-photos.global.ssl.fastly.net/ntreis/orig_boomver_1_14603373-2.jpg https://bt-photos.global.ssl.fastly.net/ntreis/orig_boomver_1_14603373-2.jpg https://bt-photos.global.ssl.fastly.net/ntreis/orig_boomver_1_14603373-2.jpg
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RE/MAX Pinnacle Group REALTORS
1241 W Green Oaks Blvd
Arlington TX, 76013
Offered by Janith Boyd of Sociallivingrealestateboutique.