Investor Opportunity – Two Homes on One Lot Near Historic Downtown McKinney
Location: Just 1 mile from the heart of Historic Downtown McKinney
Property Type: Two detached homes on a single lot
Use Options: Lease both homes or live in one and rent out the other
Property Highlights:
• Fully Remodeled Home
– Brand new appliances
– New Paint on the interior and exterior
– Custom cabinetry
– Massive 10-ft granite island
– Beautifully tiled bathroom
– New double-pane windows for energy efficiency
• Second Home – Recently Updated
– Move-in ready with modern upgrades
Investment Potential:
• Prior leases generated 8% ROI
• With recent upgrades and strong local market growth, new leases project 10%+ ROI
• Highly desirable location ensures consistent rental demand
• Ideal for long-term tenants, short-term rental, or owner-occupant strategy
Whether you’re expanding your portfolio or looking for a great opportunity, this versatile, high-yield property offers exceptional value in one of McKinney’s most sought-after areas.
For sale
$425,000
607 W Erwin Ave, McKinney, TX 75069
4beds
1,902sqft
Est.:
Multi Family
Built in 1960
-- sqft lot
$411,300 Zestimate®
$223/sqft
$-- HOA
What's special
Brand new appliancesBeautifully tiled bathroomCustom cabinetry
- 27 days
- on Zillow |
- 1,270 |
- 108 |
Zillow last checked: 7 hours ago
Listing updated: August 04, 2025 at 11:10am
Listed by:
Ashton Kuehne 0676044 214-773-9412,
The Joyce Realty Group 214-773-9412
Source: NTREIS,MLS#: 21020614
Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Central, Electric
Cooling
- Central Air, Electric
Appliances
- Included: Refrigerator
Features
- Built-in Features
- Flooring: Carpet, Vinyl
Interior area
- Total structure area: 1,902
- Total interior livable area: 1,902 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Additional Parking
Features
- Levels: One
- Stories: 1
- Pool features: None
Lot
- Size: 5,227.2 Square Feet
Details
- Parcel number: R0840013034B1
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Block, Concrete
- Foundation: Slab
- Roof: Shingle
Condition
- Year built: 1960
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Sewer Available, Water Available
Community & HOA
Community
- Subdivision: Whites Add
HOA
- Has HOA: No
Location
- Region: Mckinney
Financial & listing details
- Price per square foot: $223/sqft
- Tax assessed value: $236,744
- Annual tax amount: $4,322
- Date on market: 8/4/2025
- Electric utility on property: Yes
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