2252 Cr 342, McKinney, TX

$2,250,000

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14

Beds

10

Baths

13,100

Square feet

7.98

Acres

About 2252 Cr 342

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 of 2252 Cr 342

MLS® # 21134836
Price $2,250,000
Bedrooms 14
Bathrooms 10.00
Full Baths 10
Square Footage 13,100
Acres 7.98
Year Built 1981
Type Residential
Sub-Type Single Family Residence
Status Active

Community Information

Address 2252 Cr 342
Subdivision dew babb surveytract 8
City McKinney
County Collin
State TX
Zip Code 75071-0540

Amenities

Utilities Aerobic Septic, Co-op Electric, Co-op Water, Electricity Connected, Individual Water Meter, Outside City Limits, Septic, Sewer Not Available
# of Garages 4
Garages Additional Parking, Covered, Driveway, Electric Gate
Is Waterfront No
Pool On Property No

Interior

Interior Features Decorative Lighting, Double Vanity, Eat-in Kitchen, Granite Counters, High Speed Internet Available
Heating Central, Electric, Heat Pump
Fireplace Yes
# of Fireplaces 1
Fireplaces Wood Burning

Exterior

Exterior Features Fire Pit
Lot Features Acreage
Roof Composition
Construction Brick
Foundation Slab

School Information

District Melissa ISD
Elementary Sumeer
Middle East Cardinal
High Melissa

Additional Information

Architectural Style Ranch
# of living Areas 4
# of Fireplaces 1
Flooring Carpet, Luxury Vinyl Plank
$/LivSqFt $172

Listing Details

AgentRon Morgan
OfficeFathom Realty
Contact Info888-455-6040

Listing Map

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