607 W Erwin Avenue, McKinney, TX

About 607 W Erwin Avenue

Introducing an exceptional investment opportunity at 607 W Erwin Avenue and 1212 College Street, nestled in the heart of McKinney, Texas. This unique offering encompasses two leased units on a single lot, presenting a rare chance to acquire two properties for the price of one. Currently generating a NOI of 6% with both rents currently below market value, this is a lucrative asset for any investor seeking to expand their portfolio in the thriving McKinney area. In 2020, both units received new roofs and new paint. 1212 College Street: This unit is currently under lease for $1,200 a month until February 28, 2025. It boasts a comfortable living space that accommodates tenants with ease and convenience. 607 W Erwin Avenue: Extensively updated in 2020, this unit shines with a brand-new kitchen, a new bathroom, a fresh coat of paint, new windows, and updated flooring throughout. Currently leased for $1,550 a month until December 31, 2024, it offers a modern and inviting living environment.

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