Listing provided courtesy of Fathom RealtyMLS# 21134836MLS ProviderContact Information: Ron Morgan - 888-455-6040
  • 194 days on site
  • 24 views

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.

Source: North Texas MLS, MLS#: 21134836

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  • Property Type
    Residential
  • Lot
    7.98 acres

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Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 2252 CR 342


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
5/12/2026Source: North Texas MLS Price Reduction
$1,999,000 -0.0%
4/29/2026Source: North Texas MLS Price Increase
$1,999,222 0.0%
4/10/2026Source: North Texas MLS Price Reduction
$1,999,000 -0.0%
3/29/2026Source: North Texas MLS Price Reduction
$1,999,990 -11.1%
3/21/2026Source: North Texas MLS Price Reduction
$2,249,500 -0.0%
3/9/2026Source: North Texas MLS Price Reduction
$2,250,000 -9.6%
3/7/2026Source: North Texas MLS Price Reduction
$2,489,000 -0.0%
2/19/2026Source: North Texas MLS Price Reduction
$2,489,500 -0.0%
2/12/2026Source: North Texas MLS Price Reduction
$2,490,000 -0.1%
12/18/2025Source: North Texas MLS Added to Database
December 18, 2025