5701 Mckinney Place Dr, Mckinney, TX 75070 – Apartment Garden (1 - 4 stories)

ApartmentsYear Built 2017Total Assessed Value $83,665,113County Collin

Property Details

The Apartments property 5701 Mckinney Place Dr, Mckinney, TX 75070 is located in Collin County. The specific property type is Apartment Garden (1 - 4 stories). The total assessed value of this property is $83,665,113.

The gross building area is 447,578 square feet and the land area is 610,798 square feet for this Apartment Garden (1 - 4 stories) built in 2017.

Legal description: Lake Forest / Sh 121 Addition (Cmc), Blk B, Lot 2; * (Replat) *

$83,665,113

Market Value

8.00%

Cap Rate

N/A

NOI

N/A

Occupancy

$3,353

Avg Rent

Property Image of 5701 Mckinney Place Dr, Mckinney, TX 75070, Apartments

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Property Information

Property TypeApartments

Sub Property TypeApartment Garden (1 - 4 stories)

Building Area447,578

Land Size610,798

Land Value$7,634,979

Improved Value$76,030,134

Total Assessed Value$83,665,113

Year Built2017

County NameCollin

Account Number2815252

Cap Rate8.00%

Very Walkable

Good Transit

Bikeable

Amenities

HeatingNone

PoolSwimming Pools

Type ConstructionOther

No of Stories1

Garage TypeAttached Garages,Detached Garages

Bedrooms28

Bathrooms28

PatioAvailable

Access Gates1

Business Center1

Vaulted Ceilings1

Walk-in Closets1

Steel Appliances1

Number of Units376

Sales History

4/29/2025

Arms-lengthNot Disclosed

Buyer

Kinstead Mckinney Property Lp

Seller

Cpus Kinstead Lp

Book Number

2025.53717

Recording Date

4/29/2025

Transaction Details

Kinstead Mckinney Property Lp acquired the property from Cpus Kinstead Lp through a Arms-length transaction on 4/29/2025 for .

4/29/2025

OtherNot Disclosed

Buyer

Kinstead Mckinney Property Lp

Seller

Cpus Kinstead Lp

Book Number

Recording Date

4/29/2025

Transaction Details

Kinstead Mckinney Property Lp acquired the property from Cpus Kinstead Lp through a Other transaction on 4/29/2025 for .

4/28/2025

Arms-lengthNot Disclosed

Buyer

Housing Authority Of The City Of Mckinney Tex

Seller

Kinstead Mckinney Property Lp

Book Number

2025.53720

Recording Date

4/28/2025

Transaction Details

Housing Authority Of The City Of Mckinney Tex acquired the property from Kinstead Mckinney Property Lp through a Arms-length transaction on 4/28/2025 for .

9/17/2020

Arms-lengthNot Disclosed

Buyer

Cpus Kinstead Lp

Seller

Kinstead Dallas Apartments Lp

Book Number

2020.1582830

Recording Date

9/17/2020

Transaction Details

Cpus Kinstead Lp acquired the property from Kinstead Dallas Apartments Lp through a Arms-length transaction on 9/17/2020 for .

Property constructed in 2017

YSale Price (USD) byXSales Year

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Mortgage History

7/18/2025

Arms length residential transactions purchase or resales$60,475,000

Borrower

Kinstead Mckinney Property Lp

Lender

Citibank Na

Book Number

2025.90682

Recording Date

7/18/2025

Transaction Details

Kinstead Mckinney Property Lp borrowed the property from Citibank Na through a Arms length residential transactions purchase or resales transaction on 7/18/2025 for $60,475,000.

Property constructed in 2017

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Assessment History

Assessment Year ↓	Assessed Land Value ↕	Assessed Improved Value ↕	Assessed Total Value ↕	Market Value ↕	Owner Name ↕	Owner Address ↕	Legal Description ↕	Neighborhood Code ↕	Sub Division ↕	Land Size (SF) ↕	GBA (SF) ↕
2025	$7,634,979	$76,030,134	$83,665,113	$83,665,113	Housing Authority Of...	609 N Tennessee St	Lake Forest / Sh 121...	-	S9559	610,798	447,578
2024	$7,329,580	$78,041,800	$85,371,380	$85,371,380	Cpus Kinstead Lp	Po Box 638	Lake Forest / Sh 121...	92	S9559	610,798	447,578
2023	$6,718,782	$74,001,383	$80,720,165	$80,720,165	Cpus Kinstead Lp	Po Box 638	Lake Forest / Sh 121...	92	S9559	610,798	447,578
2022	$6,107,983	$57,892,017	$64,000,000	$64,000,000	Cpus Kinstead Lp	Po Box 638	Lake Forest / Sh 121...	92	S9559	610,798	447,578
2021	$6,107,983	$57,795,950	$63,903,933	$63,903,933	Cpus Kinstead Lp	Po Box 638	Lake Forest / Sh 121...	-	S9559	610,798	447,578
2020	-	-	-	-	Kinstead Dallas Apar...	2001 Summit Park Dr ...	Lake Forest / Sh 121...	-	S9559	610,798	447,578

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Rent & Occupancy

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Comparables

Address ↕	Assessors Parcel Number ↕	Property Type ↕	Property Sub Type ↕	Owner Name ↕	County ↕	Miles ↕	Sale Price ↕	Sale Date ↕	Price / SF ↕	Year Built ↕	GBA ↕	Units ↕
5701 Mckinney Place Dr, Mckinney, TX 75070	2815252	Apartments	Apartment Garden (1 - 4 stories)	Housing Authority Of The City Of Mckinney Texas	Collin	-	-	-	-	2017	447,578	376
7201 Stacy Rd Unit33, Mckinney, TX 75070	2838477	Apartments	Apartment Garden (1 - 4 stories)	Trg Stacy Alma Llc &	Collin	1.6	$ 64,584,800	2025-11-21	$ 139.06	2022	464,454	33
16220 Phoebe Rd, Frisco, TX 75035	2807390	Apartments	Apartment Garden (1 - 4 stories)	Frisco Apartments Acquisitions I Llc &	Collin	3.1	$ 93,765,000	2024-07-09	$ 189.95	2021	493,621	-
201 Mckinney Village Pkwy Unit245, Mckinney, TX 75069	2790193	Apartments	Apartment Garden (1 - 4 stories)	Ipxi Mf Mckinney Investors Llc	Collin	3.1	$ 39,641,980	2025-11-12	$ 151.07	2015	262,413	245
3191 Medical Center Dr Unit348, Mckinney, TX 75069	2512772	Apartments	Apartment Garden (1 - 4 stories)	Housing Authority Of The City Of Mckinney Texas	Collin	3.2	$ 117,754,210	2024-10-17	$ 365.72	2001	321,982	348
2001 E Spring Creek Pkwy Unit300, Plano, TX 75074	2070489	Apartments	Apartment Garden (1 - 4 stories)	Spring Creek Fee Owner Llc	Collin	6.2	$ 58,235,380	2024-08-21	$ 201.08	1997	289,620	300
701 Legacy Dr Unit346, Plano, TX 75023	2058069	Apartments	Apartment Garden (1 - 4 stories)	701 Legacy Drive Llc &	Collin	5.4	$ 44,688,000	2025-09-29	$ 131.26	1996	340,451	346
6300 Windcrest Dr Unit380, Plano, TX 75024	2058512	Apartments	Apartment Garden (1 - 4 stories)	Key Creekside Llc	Collin	9.3	$ 87,279,920	2024-09-26	$ 227.99	1996	382,817	380
3700 Legacy Dr Unit 320 Unit320, Frisco, TX 75034	2087227	Apartments	Apartment Garden (1 - 4 stories)	Srgmf Iv Legacy Drive Frisco Llc	Collin	9.5	$ 86,117,500	2025-08-25	$ 223.86	1999	384,698	320
7777 Adelaide St, Frisco, TX 75034	678793	Apartments	Apartment Garden (1 - 4 stories)	Hp Maxwell Llc	Denton	9.7	$ 57,216,600	2025-05-13	$ 172.15	2017	332,361	325
355 Vistaglen Dr Unit255, Plano, TX 75074	2672946	Apartments	Apartment Garden (1 - 4 stories)	Bell Valueadd Fund Viii Gateway Lp	Collin	10.1	$ 158,895,100	2024-06-20	$ 463.69	2016	342,673	255

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Lender Name ↕	Property Address ↕	Loan Date ↕	Mortgage Amount ↕	Land Size (SF) ↕	Year Built ↕	GBA (SF) ↕	Total Assessed Value ↕	Land Assessed Value ↕	Borrower ↕
—	5701 Mckinney Place Dr, Mckinney, TX 75070	—	-	610,798	2017	447,578	$ 83,665,113	$ 7,634,979	-
Kcore Lending I Lp	2300 Kathryn Ln Unit480, Plano, TX 75025	08/19/2025	$ 77,185,000	1,470,760	1998	495,308	$ 89,672,296	$ 22,061,400	Ch Realty Xmf Plano 23 Hundre
Citibank Na	5701 Mckinney Place Dr, Mckinney, TX 75070	07/18/2025	$ 60,475,000	610,798	2017	447,578	$ 83,665,113	$ 7,634,979	Kinstead Mckinney Property Lp
Citibank Na	5701 Mckinney Place Dr, Mckinney, TX 75070	07/18/2025	$ 60,475,000	610,798	2017	447,578	$ 83,665,113	$ 7,634,979	Kinstead Mckinney Property Lp
Ing Capital Llc	8900 Independence Pkwy Unit324, Plano, TX 75025	07/11/2025	$ 4,750,000	821,803	2000	384,766	$ 57,240,818	$ 14,792,453
Aml Funding Llc	1519 Teresa Ann Ln, Allen, TX 75013	06/18/2025	$ 418,400	5,305	2023	2,196	$ 490,110	$ 153,615
Vip Mortgage Inc	1712 Paytyn Dr, Allen, TX 75013	03/31/2025	$ 343,000	3,000	2023	2,108	$ 466,110	$ 133,000
Greystone Servicing Co Llc	7401 Alma Dr Unit290, Plano, TX 75025	03/31/2025	$ 26,000,000	796,712	1983	286,587	$ 32,925,659	$ 14,340,816
Greystone Funding Company Llc	1300 Redbud Blvd Unit150, Mckinney, TX 75069	02/01/2025	$ 13,714,900	284,412	1984	109,488	$ 11,071,120	$ 2,417,502	Ahfred Bud Trail Llc
Bmo Bank Na	4651 S Custer Rd Unit277, Mckinney, TX 75070	01/09/2025	$ 500,000	591,763	2015	323,135	$ 61,000,000	$ 7,101,151	Venue Craig Ranch Apartments Llc
Walker & Dunlop Llc	220 Convention Dr, Fairview, TX 75069	12/19/2024	$ 32,544,000	263,538	2016	269,398	$ 38,419,804	$ 5,402,529

Mean$ 38,424,062

Median$ 31,392,000.0

Loan Amount Range$ 343,000 - $ 115,264,000

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