304 North Oak Street

McKinney, TX 75069

$410,000
Price
4
Beds
2
Baths
1,549 Sq. Ft.
$265 / Sq. Ft.
1,549
Sq. Ft.
$265
per Sq. Ft.

Description

Discover a prime duplex investment that is walking distance from downtown McKinney at 304 Oak Street in McKinney, TX. Offering a solid 6% NOI with both units renting below market value. The North unit secures $1,200 a month until December 31, 2024, while the South unit, updated in 2020, commands $1,500 a month until February 28, 2025. Upgrades include a new kitchen, new bathroom, repaint, windows, and flooring, enhancing appeal and value. Ideal for investors seeking steady income and growth potential...Discover a prime duplex investment that is walking distance from downtown McKinney at 304 Oak Street in McKinney, TX. Offering a solid 6% NOI with both units renting below market value. The North unit secures $1,200 a month until December 31, 2024, while the South unit, updated in 2020, commands $1,500 a month until February 28, 2025. Upgrades include a new kitchen, new bathroom, repaint, windows, and flooring, enhancing appeal and value. Ideal for investors seeking steady income and growth potential in a vibrant location. Don't miss this turnkey asset in a sought-after area.
  1. Listed by Ashton Kuehne • TREC #0676044 • The Joyce Realty Group • 214-773-9412

Property Details for 304 North Oak Street

Subdivision Name
Mckinney Outlots
Pool
No
Number Of Parking Spaces
2

Location

Listing Courtesy of The Joyce Realty Group, Ashton Kuehne
Add your commute
LISTING UPDATED: 04/17/2024 03:12 PM

Property Details for 304 North Oak Street

StatusActive
MLS #20570196
Days on Market34
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Full Duplex
Year Built1960
Lot Size0.13 AC / 5,662 SF
CountyCollin County

Location

Listing Courtesy of The Joyce Realty Group, Ashton Kuehne
Add your commute

Building Information for 304 North Oak Street

Stories1Residences2Year Built1960Building Size-Lot Size0.13 AC / 5,662 SF

Payment Calculator

$2,681 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,238

Property Taxes

$443

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 304 North Oak Street

Summary
Location and General Information
  • Complex Name: N/A
  • Directions: Take 75 to W. Louisiana Street and go East about 1 mile. Take a left on Oak Street. Go about 4 blocks and duplex is on the right.
  • Elementary School: Minshew
  • Elementary School Name: Minshew
  • High School: Mckinney Boyd
  • High School Name: Mckinney Boyd
  • Middle School: Dr Jack Cockrill
  • Year Built Details: Preowned
  • School District: McKinney ISD
  • Geocode Confidence: High
  • Latitude: 33.20
  • Longitude: -96.62
  • State: Texas
Parking
  • Parking Features: Covered
  • Garage: No
Taxes and HOA Information
  • Tax Legal Description: MCKINNEY OUTLOTS (CMC), LOT 565D; & SOUTH 1/2 OF L
  • Association Type: None
  • Tax Lot: 565D
Virtual Tour
Interior and Exterior Features
Interior Features
  • Flooring: Carpet, Luxury Vinyl Plank, Vinyl
  • Heating: Central, Electric
  • Interior Features: Cable TV Available
  • Appliances: Electric Oven, Electric Range, Microwave, Refrigerator
  • Cooling: Central Air, Electric
  • Smart Home Features Appor Pass Y: No
Exterior Features
  • Building Area Source: Public Records
  • Construction Materials: Wood
  • Fencing: Wood
  • Foundation Details: Pillar/Post/Pier
  • Number Of Stories: 1
  • Roof: Composition
  • Number Of Units Total: 2
  • Levels: One
Property
Utilities
  • Utilities: Asphalt, City Sewer, City Water, Curbs, Individual Water Meter, Overhead Utilities
Property and Assessments
  • Handicap: No
  • Loan Type: Treat As Clear
  • Property Match: APN
Lot Information
  • Lot Size Acres: 0.13
  • Lot Size Area: 0.13
  • Lot Size Units: Acres
  • Lot Size Square Feet: 5662.8
  • Multi Parcel ID: No
  • Parcel Number: R0926000565D1
Multi Family
Multi-Family Information
  • Number Of Buildings: 1
  • Capitalization Rate: 6.07%
  • Gross Annual Expenses: $5,300
  • Gross Annual Income: $32,400
  • Insurance Expense: $3,200
  • Net Operation Income: $24,900.00
Unit 1
  • Average Lease Amount: $1,500.00
  • Living Area Length: 10.0
  • Number Of Baths Full: 1
  • Unit Type Type: 2 Bedroom
Unit 2
  • Average Lease Amount: $1,200.00
  • Living Area Length: 10.0
  • Number Of Baths Full: 1
  • Unit Type Type: 2 Bedroom

Property History for 304 North Oak Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 304 North Oak Street

Taxable ValueLand$126,000Additions$158,330Total$284,330
Tax Record2022$5,317 ($443 / month)
Home Facts
Baths2Total Finished SqFt1,549 SqFtAbove Grade Finished SqFt1,549 SqFtStories1StyleDuplexYear Built1960Year Renovated1990ZoningRS-60CountyCOLLINAPNR-0926-000-565D-1

Schools near 304 North Oak Street

This home is within Mckinney Independent School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Caldwell Elementary School
PublicK to 5

Faubion Middle School
Public6 to 8

Mckinney Boyd High School
Public9 to 12

Serenity High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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304 North Oak Street is a multi-family home for sale in McKinney, TX 75069. This property was listed for sale on March 28, 2024 by The Joyce Realty Group, it's currently listed at $410,000. It has been on the market for a total of 34 days and was last sold on July 22, 2016. This listing's school district is Mckinney Independent School District. Nearby schools include Caldwell Elementary School, Faubion Middle School and Mckinney Boyd High School. 304 North Oak Street is a 4-bed, 2-bath, 1,549 sqft multi-family home built in 1960.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of The Joyce Realty Group, Ashton Kuehne

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