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About This Home

This 14-bedroom, 10-bathroom single family at 2252 CR 342 in McKinney, TX is listed for $1,999,990 ($153 per sqft). Built in 1981, the home offers 13,100 sqft of living space on a 7.98 acres lot.

Agent Description

THIS Property is offered well below appraised value .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.

Key Features

  • Built in 1981
  • 7.98 acre lot
  • Fireplace

Property Details

1 story
10 full
1981

Amenities

Fireplace

Monthly Cost Estimate

$10,696/mo

20% down · 6.5% · 30 years

Principal$1,446
Interest$8,667
Insurance$583

Estimates only. Actual payments may vary.

Location

2252 CR 342

McKinney, TX 75071

dew babb surveytract 8

Features & Amenities

Interior Features

Decorative LightingDouble VanityEat-in KitchenGranite CountersHigh Speed Internet Available

Exterior Features

Fire PitFence

Property Details

Flooring

CarpetVinyl

Construction

Brick

Parking

CoveredDriveway

Heating

CentralElectric (Heating)Fireplace(s)Heat Pump (Heating)

Cooling

Ceiling Fan(s)Central AirElectric

Appliances

CooktopCooktop - ElectricDishwasherDryerGarbage DisposerMicrowaveRefrigeratorWasher

Questions & Answers

This 14-bedroom, 10-bathroom single family at 2252 CR 342 is listed at $1,999,990 ($153/sqft). The estimated monthly payment is $8,667 based on 20% down at 6.5% interest.

Key features include: Built in 1981, 7.98 acre lot, Fireplace. Interior Features: Decorative Lighting, Double Vanity, Eat-in Kitchen. Exterior Features: Fire Pit, Fence.

This property is listed by Ron Morgan and can be reached at 8884556040 or homesalesasap@gmail.com.

RM

Ron Morgan

Agent at Fathom Realty

(888) 455-6040

Listed by Fathom Realty · View on Broker Site

MLS# 21134836· Source: listhub· Updated today

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2252 CR 342, McKinney, TX 75071

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