Rowan Multifamily Advisors (RMA) is pleased to present the exclusive listing of The Patios of McKinney. This one-of-a-kind, single-story community comprises 60 units built in 1970, each featuring private entries, vaulted ceilings, expansive fenced patios, and in-unit washer/dryer connections.
The Patios is ideally located in McKinney, TX—one of the fastest-growing suburbs in the Dallas–Fort Worth metroplex. The city’s population has grown from 54,000 in 2000 to more than 220,000 in 2024, underscoring strong long-term demand fundamentals.
In 2021, the property underwent an extensive renovation, with 50 of the 60 units fully upgraded. Interior improvements included new kitchen cabinets, granite countertops, stainless steel appliances, updated bathroom vanities, designer backsplashes and shower tile, new bathtubs and shower pans, modern lighting and ceiling fans, upgraded closets, luxury vinyl plank flooring throughout, new windows, and swinging patio doors. Exterior enhancements included new concrete patio slabs, fencing, painted brick, new HVAC systems, and more.
Investment Highlights
• Distinctive boutique community with strong value-add upside through lease-up and stabilization
• Prime McKinney location less than one mile from the intersection of Interstate 75 and Highway 380
• Significant recent capital investment, including new windows*, gutters, exterior paint, and more
• Proximity to major employers such as Raytheon, Independent Financial, Encore Wire, and McKinney National Airport
• Limited Competition – Only two properties over 50 units were constructed pre-1980 within the City of Mckinney