
$2,493,000 USD
Single Family Home for Sale, 2252 CR 342, McKinney, Texas 75071
- MLS#21134836
- 14
- 10
1,217 m² (13,100 ft²)
Listed By Fathom Realty
The Single Family Home for Sale located at 2252 CR 342, McKinney, Texas 75071 is currently for sale. 2252 CR 342, McKinney, Texas 75071 is listed for $2,493,000. This property has 14 bedrooms, 10 bathrooms.
Property features
Property
- Property size:
1,217 m² (13,100 ft²) - Type: Single DetachedRanchFarm/Ranch House
- Features: GarageDecorative Lighting
Lot/Land
- Land/Lot size:
1 m² (7.98 ft²) - Lot description: Will Subdivide
- Fencing: Pipe
Construction
- Year built: 1981
- Roofing: Composition
- Construction: Brick
- Basement and foundation: On Slab
Parking/Garage
- Parking description: Covered Parking
- Garage length: 21
- Garage width: 21
- Garage description: Attached Garage
Bedrooms
- Bedrooms: 14
Bathrooms
- Total bathrooms: 10
- Full bathrooms: 10
Interior Features
- Floors: Carpet
- Number of fireplaces: 1
- Fireplace description: Wood Burning
Exterior Features
- Carport spaces: 2
Security
- Features: Burglar Bars
Heating and Cooling
- Heating system: Heat PumpElectricCentral
- Cooling system: Ceiling FanElectricCentral
Utilities
- Telecommunication: Broadband Internet Access
- Other utilities: Co-op WaterAerobic SepticIndividual Water MeterSeptic Tank
Description
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.
Location
2252 CR 342, McKinney, Texas 75071