Aviators Dream at Private Airport
10010 Champion Ln., McKinney, TX 75071
Price: $650,000
Presented by The Neel Group
Glenda: (214)801-1696    Joe: (214)773-2246
Keller Williams North Collin County
Property Details

$650,000
10010 Champion Ln., McKinney, TX 75071
Beds: 3, Baths: 2, Sqft: 2700
Listing ID: 13170909 • More Info
Property Description/Comments
    AVIATORS DREAM AT PRIVATE AIRPORT: 2700 Square foot UPDATED home in private hanger which will house approximately 20 airplanes. Income could be $250 per month per plane housed.
     

    Joe describes this property, and the opportunity it presents, in detail below....

     

    Income and Expense Projections for
    10010 Champion Aero Country Property

    Income and Expense Analysis
    Aero Country Property

    Income (monthly)

    Now

    End Year 1

    Hanager A

    2800                  14 planes

    4000                    16 planes

    Hanger B

    600                       2 Planes

    1000                      4 Planes

    3/2 Apt

    0

    1600

    Office

    0

    350

    3 tie Downs

    0

    600

    Leased Shop Space

    0

    400

         

    Totals

    3400

    7950

     

    Expenses

    Property Taxes

    533

    650

    Property Insurance

    644

    644

    Hanger Keeper Ins

    167

    167

    Association Dues

    205

    205

    Utilities

    241

    0

    Water

    24

    0

         

    Totals

    1814

    1666

         

    Net Operating Inc.

    1586

    6284

         

    Debt Service*

    3300

    3300

         

    Cash Flow before Tax

    -1714

    2984

     

    * $ 500,000 loan 5% 20 yr.

    3299


Property Features
    Year built: 1976

  • Both AC Units Replaced 2013
  • Remote control of thermostats on each floor
  • Roof Resealed in 2012
  • ½ Bath in Hanger
  • Some New Windows and Doors 2011
  • Electrical In Hanger Redone in 2014
  • Moved Breaker Box
  • All Electrical brought up to Code
  • Security Camera monitored on Computer or IPhone
  • Outside House Walls Have 6” Foam


  • All Electric
  • Some New Windows and Doors 2011
  • Some Plantation Shutters
  • Lg TV and Electric Fireplace in Living Area
  • Island/Bar in Kitchen with Granite Countertops
  • Refrigerator and Microwave
  • Secondary Bedroom with 2 large walk-in closets
  • One closet Large enough for extra Refrigerator and Chest Freezer
  • Master Bedroom has two Walk-In Closets and Built-in Bookcase
  • Master Bath with Built-In Cabinets, Separate Tub and Shower and Jetted Tub
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Keller Williams North Collin County
6951 Virginia Pkwy #100 • McKinney, TX 75071
Glenda: (214)801-1696 • Joe: (214)773-2246



McKinney McKinney

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