503 Smith Street, Mckinney, TX 75069

$199,900 Asking Price

2 beds
1 bath
1,194  sqft
Built in 1950

Priced to sell quickly~ Attention Investors! CASH Only! This hidden gem is waiting to be transformed, offering an excellent opportunity for investors. Located just minutes from downtown McKinney, this property is ideal for flipping, though extensive rehab is required, estimated between $120-150K. The lot is one of the largest in the community .250 acres and includes a bonus garden house NOT factored into the square footage (10x10), which is perfect for converting into a flex room or office space. Recent upgrades include a new roof in 2021 and an updated water heater. With Residential or Commercial zoning, the potential for this property is boundless, although multi-family use is not permitted! This home offers immense potential for the savvy buyer. Don't miss out on this lucrative opportunity – GO SHOW TODAY!


Features & Amenities

Interior

General:
Other
A/C:
true, Wall/Window Unit(s)
Heating:
true, Space Heater
Fireplace:
Fireplaces: 0

Exterior

General:
Greenhouse,Other
Style:
A-Frame,Detached
Other Structures:
Greenhouse,Other
Parking:
Carport

Construction

Roofing:
Composition
General:
1

Location

Road/Access:
All Weather Road
Originating MLS:
NTR
School District:
McKinney ISD
County:
Collin

Lot

Zoning:
MCKINNEY OUTLOTS (CMC), LOT 771A, R0926000771A1
Fencing:
Back Yard,Chain Link

Utilities

Utilities:
Electricity Available,Natural Gas Available,Overhead Utilities,Sewer Available,Separate Meters,Water Available
Water:
Public
Sewer:
Public Sewer

Financial

Source:
NTR

This listing courtesy of:
Coldwell Banker Realty Frisco, Rachel Boston

About McKinney, TX

Housing

Number of Units
88,844
Median Home Value
$346,983
Median Rent
$1,311

35.68% of housing units are renter occupied.

5.60% are vacant.

Commute

Car
55.27%
Public Transportation
0.37%
Walk to Work
0.37%
Work from Home
42.57%
Other
1.09%

The median travel time to work is 18 minutes.

People

Population
232,525
Median Age
36.10
Median Household Size
3.11

Education

High School
15.56%
Associate’s Degree
8.83%
Bachelor’s Degree
33.79%
Graduate Degree
16.85%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

Message

Interested in this home?

Request more information: