503 Smith Street, Mckinney, TX 75069

$199,900 Asking Price

2 beds
1 bath
1,194  sqft
Built in 1950

Attention Investors! Cash Only. This property is a hidden gem waiting to be transformed. Ideal for flipping, fantastic location just minutes from downtown McKinney, offering an excellent opportunity for investors! Please note, extensive rehab is required ranging from $120-150K. Buyers are responsible for verifying measurements and code requirements. Additionally, don't overlook the bonus garden house, ripe for conversion into an office space. With residential or commercial zoning, the potential for this property is boundless. Plus, recent upgrades including a new roof in 2021 and an updated water heater add further value. This home boasts immense potential for the savvy buyer. Don't miss out on this lucrative opportunity!


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.

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