1607 M Avenue, Plano

  • Price$400,000
  • Beds5

LAST CHANCE! OPEN PREVIEW 1-3PM THIS SUN NOV 10th. HIGHEST AND BEST OFFER DEADLINE THIS MON NOV 11th, 5PM. Fantastic Investment opportunity in the heart of Plano! This is a rare find. A fully leased 5 PLEX that currently generates great cash flow. However, the real potential is in the ability to renovate and increase the net profit substantially. The rent pool in this area is stable and looking to improve as nearby developments are completed, including the redevelopment of Collin Creek Mall area. The property is on over a third of an acre and has the potential for expansion with the large open space in the rear. The sky is the limit! Property is being sold AS-IS and seller is looking for a quick close.

Essential Information

  • MLS® #14217141
  • Price$400,000
  • Bedrooms5
  • Bathrooms0.00
  • Full Baths5
  • Acres0.36
  • Year Built1946
  • TypeMulti-Family
  • Sub-TypeApartment / 5-Plex+
  • StatusActive

Amenities

  • UtilitiesCity Sewer, City Water
  • Parking Spaces10
  • GaragesCovered, Rear, Shared Carport

Exterior

  • Lot DescriptionInterior Lot
  • RoofComposition
  • ConstructionBrick, Wood
  • FoundationPier & Beam

Listing Details

  • Listing Agent:Thomas Merritt
  • Listing Office:East Plano Realty, Llc

Community Information

  • Address1607 M Avenue
  • AreaPLANO AREA (20)
  • SubdivisionClint Forman Add
  • CityPlano
  • CountyCollin
  • StateTX
  • Zip Code75074-6150

Interior

  • Interior FeaturesCable TV Available, High Speed Internet Available
  • AppliancesCooktop - Electric, Oven - Electric
  • HeatingCentral Air-Elec, Central Heat-Gas, Window Unit
  • # of Stories1
  • Stories1

School Information

  • DistrictPlano ISD
  • ElementaryMendenhall
  • MiddleOtto
  • HighWilliams
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Listing information last updated on November 12th, 2019 at 11:15pm CST.