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Property summary
This multi-family property in downtown McKinney (Collin County) consists of three buildings on a single lot totaling 0.195 acres, totaling approximately 5,960 square feet. The configuration includes a historic two-story home converted into a fourplex, a five-car garage building with two apartments on the upper level, and an additional duplex with on-site laundry facilities and a spacious office. The property provides on-site parking and contains eight individual apartment units. The layout supports a range of uses, including multi-family occupancy as well as hospitality-style concepts such as bed-and-breakfast, boutique hotel, or a short-term rental compound, depending on applicable zoning and permitting; it has also historically been used in connection with nonprofit housing initiatives.
Property profile
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Location
Value estimations
Owner & transaction history
Zoning & alternative use
spondence Prior Zoning Districts Corresponding District Standards and Use Regulations Residential Districts RED-1 - Residential Estate RED-2 - Residential Estate R43 - Residential Estate SF12 - Single Family Residential…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Derived from the McKinney market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
RS-120 · Mckinney, TXspondence Prior Zoning Districts Corresponding District Standards and Use Regulations Residential Districts RED-1 - Residential Estate RED-2 - Residential Estate R43 - Residential Estate SF12 - Single Family Residential…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
spondence Prior Zoning Districts Corresponding District Standards and Use Regulations Residential Districts RED-1 - Residential Estate RED-2 - Residential Estate R43 - Residential Estate SF12 - Single Family Residential…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for RS-120 in Mckinney, TX.
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