Sue Milam Reed, Broker Associate

2252 Cr 342, McKinney, TX 75071

$2,489,500
  • 2252 Cr 342, McKinney, TX 75071 Main Photo

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Active
BEDS14 BATHS10 full SQUARE FEET13,100 MLS#21134836
STATUSActive PROPERTY TYPEResidential - Single Family SUBDIVISIONdew babb surveytract 8 SCHOOLMelissa ISD

Property Description

Rare 8-Acre, High-Yield Investment Opportunity in McKinney ETJ Melissa ISDThis 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.

2252 Cr 342 | MLS# 21134836

This single family home located at 2252 Cr 342, McKinney, TX 75071 is currently listed for sale with an asking price of $2,489,500. This property was built in 1981 and has 14 bedrooms and 10 full baths with 13100 sq. ft. Cr 342 is located in the dew babb surveytract 8 subdivision within the Melissa ISD school district. Search Dew Babb Surveytract 8 real estate on suemilamreed.kellyrealtors.com today.

Property Features

Property Type: Residential - Single Family
Cooling: Ceiling Fan(s), Central Air, Electric
Fireplaces: 1
Garage: 4 car attached
Heating: Central, Electric, Heat Pump
Home Style: Ranch
Lot Size: 7.98 Acres
Roof Type: Composition
Year Built: 1981

Amenities

Decorative Lighting
Double Vanity
Eat-in Kitchen
Granite Counters
High Speed Internet Available
Fire Pit

Feature Descriptions

Appliances: Dishwasher, Disposal, Dryer, Electric Cooktop, Electric Oven, Electric Water Heater, Microwave, Refrigerator, Washer
Days on Site: 77
Exterior: Brick
Fencing: Fenced, Gate, Pipe
Fireplace: Wood Burning
Flooring: Carpet, Luxury Vinyl Plank
Laundry: Electric Dryer Hookup, Utility Room, Full Size W/D Area, Stacked W/D Area, Dryer Hookup, Washer Hookup
Lot: Acreage
Parcel#: R603400000801
Parking: Additional Parking, Covered, Driveway, Electric Gate
Parking Notes: Additional Parking, Covered, Driveway, Electric Gate
Utilities: Aerobic Septic, Co-op Electric, Co-op Water, Electricity Connected, Individual Water Meter, Outside City Limits, Septic, Sewer Not Available

Local Schools

Elementary School: Sumeer
School District: Melissa ISD

Listed By / Shown By

Listed By

Agency Name: Fathom Realty
Agency Contact: 888-455-6040
Agent Name: Ron Morgan

agent picture

Shown By

Agent Name: Sue Milam Reed, Broker Associate
Agent Phone: (254) 744-3364
Agency Title: Kelly, Realtors

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Estimated Payment

$ 6,266.65 per month $5,540.55 Principal & Interest $0.00 Property Tax (data not provided by mls) $726.10 Homeowner's Insurance

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