About 1607 M Avenue
Fully renovated five-unit multifamily investment opportunity in Plano, Texas, situated on approximately 0.36 acres. This property has been extensively rebuilt and renovated from the framing, with major improvements including new flooring, ceilings, kitchens, cabinetry, bathrooms, appliances, and a Class 3 impact-resistant roof. Offering approximately 3,008 square feet, the property is in turnkey condition and positioned for strong long-term investment potential. Conveniently located near the major Collin Creek Mall redevelopment and other area improvements. A large open area at the rear of the property may provide potential for additional multifamily expansion or other future development, subject to zoning, permitting, and City of Plano approval. Short-term rental use may also be possible, subject to applicable laws and regulations. Buyer to independently verify all development, zoning, rental, and use possibilities.
Features of 1607 M Avenue
| MLS® # | 21372706 |
|---|---|
| Price | $975,000 |
| Bedrooms | 5 |
| Bathrooms | 5.00 |
| Full Baths | 5 |
| Square Footage | 3,008 |
| Acres | 0.36 |
| Year Built | 1946 |
| Type | Residential Income |
| Sub-Type | Apartment |
| Status | Active |
Community Information
| Address | 1607 M Avenue |
|---|---|
| Subdivision | Clint Forman Add |
| City | Plano |
| County | Collin |
| State | Texas |
| Zip Code | 75074 |
Amenities
| Utilities | City Sewer, City Water |
|---|---|
| Parking Spaces | 10 |
| Garages | Additional Parking, Asphalt, Detached Carport, Driveway |
| Is Waterfront | No |
| Pool On Property | No |
Interior
| Interior Features | Other |
|---|---|
| Heating | Electric |
| Fireplace | No |
Exterior
| Lot Features | Lrg. Backyard Grass |
|---|---|
| Roof | Composition |
| Construction | Brick, Concrete, Siding, Wood |
| Foundation | Pillar/Post/Pier |
School Information
| District | Plano ISD |
|---|---|
| Elementary | Mendenhall |
| Middle | Otto |
| High | Williams |
Additional Information
| Flooring | Luxury Vinyl Plank |
|---|---|
| $/LivSqFt | $324 |
| Net Income | $70,000 |
| Building Sqft | 3,008 |
| # Units | 5 |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Chenchi Kuriakose |
|---|---|
| Office | Stride Real Estate, LLC |
| Contact Info | 469-329-0962 |
