Plano, TX 75074 1607 M Avenue
$550,000
Pending
1 more
- MLS# 21110022
- 12/01/2025
Presented By: Shelley Wang with EXP REALTY; 469-964-2474
Disclaimer: The information contained in this listing has not been verified by Bold Real Estate and should be verified by the buyer.
Year Built • 1946
Home Details
Open showing Friday Dec 5th from 2pm to 4pm. Fantastic investment opportunity in the heart of Plano! This rare 5-plex is fully occupied and currently generating strong cash flow. Even better, there is significant upside potential through renovations that could substantially increase net profit. The rental market in this area is stable and expected to strengthen with nearby development projects, including the major redevelopment of the Collin Creek Mall district. Situated on over one-third of an acre, the property offers ample room for potential expansion with a large open area at the rear. The possibilities are endless! Property is being sold AS-IS, and the seller is seeking a quick close.
Presented By: Shelley Wang with EXP REALTY; 469-964-2474
Interior Features for 1607 M Avenue
Bathrooms
Total Baths
Other Interior Features
FlooringCarpet, Luxury Vinyl Plank
Interior FeaturesHigh Speed Internet Available
Lock Box TypeNone
Total Units5
Unit Count1
General for 1607 M Avenue
# of Buildings1
AppliancesElectric Cooktop, Electric Oven
Capitalization Rate5.13
CityPlano
Complex Name1607 M Ave
Construction MaterialsBrick, Siding, Wood
CoolingWindow Unit(s)
CountyCollin
Directionsuse GPS
Elementary SchoolMendenhall
Elementary School NameMendenhall
Gross Annual Expenses21000.00
HOA TypeNone
HeatingOther
High SchoolWilliams
Insurance Expense6060
LevelsOne
Listing TermsCash, Conventional
Occupant TypeTenant
Pool Y/NNo
PossessionClosing/Funding
Property SubtypeApartment
Property TypeResidential Income
RoofComposition
School DistrictPlano ISD
Standard StatusPending
StatusPending
Subdivision NameClint Forman Add
Unexempt Taxes7101
UtilitiesCity Sewer, City Water
Virtual Tour URL UnbrandedClick here
Will SubdivideNo
Year Built1946
Year Built DetailsPreowned
Exterior for 1607 M Avenue
Building Area Total3008.00
Foundation Pillar/Post/Pier
Lot Size Acres0.3630
Lot Size Area0.3630
Lot Size Square Feet15812.2800
Lot Size UnitsAcres
Number Of Parking Spaces10
Parking FeaturesCarport, Covered
WaterfrontNo
Additional Details
Price History
Schools
Middle School
N/A
High School
N/A
Elementary School
Mendenhall Elementary School
Suzanne Smith
Broker/Owner