2252 Cr 342, McKinney, TX 75071
Local realty services provided by:Better Homes and Gardens Real Estate Winans
Listed by: ron morgan, kimberly morgan
Office: fathom realty
MLS#:21134836
Source:GDAR
Price summary
- Price:$1,999,000
- Price per sq. ft.:$152.6
About this home
THIS Property is offered well below appraised value .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:127 day(s) ago
- Updated:April 25, 2026 at 11:46 AM
Rooms and interior
- Bedrooms:14
- Total bathrooms:10
- Full bathrooms:10
- Flooring:Carpet, Luxury Vinyl Plank
- Kitchen Description:Dishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave, Refrigerator
- Living area:13,100 sq. ft.
Heating and cooling
- Cooling:Ceiling Fans, Central Air, Electric
- Heating:Central, Electric, Heat Pump
- Central air:Yes
Structure and exterior
- Roof:Composition
- Year built:1981
- Building area:13,100 sq. ft.
- Lot area:7.98 Acres
- Lot Features:Acreage
- Architectural Style:Ranch
- Construction Materials:Brick
- Foundation Description:Slab
- Levels:1 Story
Schools
- High school:Melissa
- Middle school:East Cardinal
- Elementary school:Sumeer
Finances and disclosures
- Price:$1,999,000
- Price per sq. ft.:$152.6
- Tax amount:$15,195
Features and amenities
- Appliances:Dishwasher, Disposal, Dryer, Electric Cooktop, Electric Oven, Electric Water Heater, Microwave, Refrigerator, Washer
- Laundry features:Dryer, Washer
- Amenities:Carbon Monoxide Detectors, Security System, Smoke Detectors
Parking
- Garage:Yes
- Garage spaces:4
- Carport spaces:2
Information provided, in part, by North Texas Real Estate Information Systems, Inc. Last Updated April 25, 2026 Listings with the NTREIS logo are listed by brokerages other than Better Homes and Gardens Real Estate Winans.New listings near 2252 Cr 342
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