402 Hughes St, Howe, TX 75459
6 Office Properties Offered at $1,700,000 in Multiple Locations
Asking Price $1,700,000
- Property Type
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Office
Listing Contacts
- Property Info
Property Overview
Great opportunity to purchase 6 income producing rental properties that have all had strong rental histories and strong locations for future growth and development. The properties are in some of the fastest growing cities in Collin and Grayson Counties and upside potential for a couple with a vacant lot that could be developed and a property that sits on aprox. 1.96 beautiful acres in the city of Melissa. The McKinney property has been an air bnb and cash-flowed well but due to owners health had to just put it as a rental property for the last 6 months. This is a great opportunity to add to your portfolio or start one. Property values are greatly discounted to sell as a package.
402 N. Hughes-Howe Texas
-Recent plumbing updates and remodel in 2024
-Lease for one year beginning 3-2024
-Monthly rent is $1,600
-Appraised in 2024 for $258,000
2270 Eastwood - Melissa Texas
-1.96 acres in Melissa Texas
-Tenant has been in property since 10-2017 and is on a month to month
-Rent is $1500 a month and could be more based on location
-Could be a good future build site
2916 Santa Fe - Melissa Texas
-In old Downtown Melissa and a great future long term hold across from future DART
-Also comes with a LOT next door that could be built out
-Renter has been here since 2017 and pays $1200 a month
548 Miller - Van Alstyne
-Has been rented since 7-2022
-Rental amount is $1300 a month
377 Elk Trail - Melissa
-Has a tenant through October 2025
-Rent is $2000
-House has appreciated quite nicely in the 2 years and continues to do so as Melissa is a very desirable city for many
702 N. Tennessee - McKinney
-Walking distance to historic downtown McKinney and was remodeled into a short term rental in 2022
-Has rented for as much as $160 a night when in rental pool
-Current tenant has a lease of $1700 (should rent for $2300 a month but tenant does some work to offset)
402 N. Hughes-Howe Texas
-Recent plumbing updates and remodel in 2024
-Lease for one year beginning 3-2024
-Monthly rent is $1,600
-Appraised in 2024 for $258,000
2270 Eastwood - Melissa Texas
-1.96 acres in Melissa Texas
-Tenant has been in property since 10-2017 and is on a month to month
-Rent is $1500 a month and could be more based on location
-Could be a good future build site
2916 Santa Fe - Melissa Texas
-In old Downtown Melissa and a great future long term hold across from future DART
-Also comes with a LOT next door that could be built out
-Renter has been here since 2017 and pays $1200 a month
548 Miller - Van Alstyne
-Has been rented since 7-2022
-Rental amount is $1300 a month
377 Elk Trail - Melissa
-Has a tenant through October 2025
-Rent is $2000
-House has appreciated quite nicely in the 2 years and continues to do so as Melissa is a very desirable city for many
702 N. Tennessee - McKinney
-Walking distance to historic downtown McKinney and was remodeled into a short term rental in 2022
-Has rented for as much as $160 a night when in rental pool
-Current tenant has a lease of $1700 (should rent for $2300 a month but tenant does some work to offset)
Highlights
- Packages includes a lot next to 2916 Santa Fe in Downtown Melissa
- 2916 Santa Fe in highly desired Downtown area of Melissa and is across from future DART rail (could be future commercial space)
- 702 N Tennessee can easily be converted back to an AIR BNB property or just leased out
- 702 N Tennessee is 5 min walk into Downtown McKinney and is down street from development, great location
- Eastwood property sits on almost 2 acres of really nice treed property with a creek on the back, good long term hold for new construction
- Eastwood property has 2 acres in Melissa which is impossible to find anymore at a decent price point
Nearby Properties
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