Property
Beds
14
Full Baths
10
1/2 Baths
None
Year Built
1981
Sq.Footage
13,100
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.
Features & Amenities
Interior
-
Other Interior Features
Double Vanity, Eat-in Kitchen, Granite Counters, High Speed Internet
-
Total Bedrooms
14
-
Bathrooms
10
-
Basement YN
NO
-
Cooling YN
YES
-
Cooling
Ceiling Fan(s), Central Air, Electric
-
Fireplace YN
YES
-
Heating YN
YES
-
Heating
Central, Electric, Heat Pump
-
Pet friendly
N/A
Exterior
-
Garage
Yes
-
Garage spaces
4
-
Construction Materials
Brick
-
Other Exterior Features
Fire Pit
-
Parking
Additional Parking, Covered, Driveway, Electric Gate, Attached
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Features
Wooded
-
Lot Size(acres)
7.98
-
Property Type
Residential
-
Property Sub Type
Single Family Residence
-
Architectural Style
Ranch
Price
-
Sales Price
$2,493,000
-
Tax Amount
15195.0
-
Sq. Footage
13, 100
-
Price/SqFt
$190
HOA
-
Association
No
School District
-
Elementary School
Sumeer
-
Middle School
East Cardinal
-
High School
Melissa
Property Features
-
Foundation Details
Slab
-
Sewer
Septic Tank
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Location
County
Collin
Elementary School
Sumeer
Middle School
East Cardinal
High School
Melissa
Listing Courtesy of Ron Morgan , Fathom Realty
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