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Image 1 - 607 W Erwin Ave, McKinney, Texas, 75069 - House for sale

Image 2 - 607 W Erwin Ave, McKinney, Texas, 75069 - House for sale

Image 3 - 607 W Erwin Ave, McKinney, Texas, 75069 - House for sale

Image 4 - 607 W Erwin Ave, McKinney, Texas, 75069 - House for sale

Image 5 - 607 W Erwin Ave, McKinney, Texas, 75069 - House for sale

Image 6 - 607 W Erwin Ave, McKinney, Texas, 75069 - House for sale

Image 7 - 607 W Erwin Ave, McKinney, Texas, 75069 - House for sale

Image 8 - 607 W Erwin Ave, McKinney, Texas, 75069 - House for sale

Home For Sale In Mckinney, Texas

607 W Erwin Ave, McKinney, Texas, 75069

Home For Sale In Mckinney, Texas

house for sale

3 views

Listed: 04/01/24

607 W Erwin Ave, McKinney, Texas, 75069

4 Bed:

2 Bath:

1,902 Sq Ft Living Area:

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Price

$ 405,000

Price: Lower

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About This House

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, 200a month until February28, 2025.It boasts a comfortable living space that accommodates tenants with ease and convenience. 607 WErwin Avenue: Extensively updated in 2020, … Full description

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Original listing

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McKinney Housing & Living

Average sale prices for houses

3 bed

4+ bed

Show as List Show as Graph

Month	Median Price
May 2024	$623,467 (-2.6%)
Apr 2024	$639,923 (0%)
Mar 2024	$639,923 (0%)
Feb 2024	$639,923 (0%)
Jan 2024	$639,923 (+5.8%)
Dec 2023	$604,769 (-10.5%)

In May 2024, the asking price for 4 bed houses for sale in/near McKinney, United States averaged $623,467, a decrease of 2.6% from the previous month.

Median price trends for properties for sale in McKinney, United States as of May 2024.

Household Income

Median household income: $87,608

Number of households: 56,408

The average household income in McKinney, TX grew from $83,257 to $87,608 in the past year. This data is an estimate based upon 56,408 households in McKinney, TX.
The chart below presents how household income is distributed in McKinney, TX in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in McKinney, TX compared to median property taxes around the country. The prevalent amount of property taxes in McKinney, TX equals $3k+ , which is more than the national average.