2252 Cr 342, McKinney, TX 75071
Local realty services provided by:Better Homes and Gardens Real Estate Lindsey Realty
Listed by: ron morgan, kimberly morgan888-455-6040
Office: fathom realty
MLS#:21134836
Source:GDAR
Price summary
- Price:$2,493,000
- Price per sq. ft.:$190.31
About this home
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.
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Home facts
- Year built:1981
- Listing ID #:21134836
- Added:6 day(s) ago
- Updated:December 25, 2025 at 12:50 PM
Rooms and interior
- Bedrooms:14
- Total bathrooms:10
- Full bathrooms:10
- Living area:13,100 sq. ft.
Heating and cooling
- Cooling:Ceiling Fans, Central Air, Electric
- Heating:Central, Electric, Heat Pump
Structure and exterior
- Roof:Composition
- Year built:1981
- Building area:13,100 sq. ft.
- Lot area:7.98 Acres
Schools
- High school:Melissa
- Middle school:East Cardinal
- Elementary school:Sumeer
Finances and disclosures
- Price:$2,493,000
- Price per sq. ft.:$190.31
- Tax amount:$15,195
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