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408 N Wichita Street, Electra, TX 76360

Beds
5
Baths
2
Sqft
2,584

View property features, location on map, relevant school information and overview from seller's agent.

Listed byJoseph Walter Realty, LLC
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Overview

This offering presents an attractive investment opportunity in the small oil-town community of Electra, Texas (ZIP 76360). The subject property at 408 N Wichita St is a spacious 2,584 sq ft, 6-bed -2-bath home built circa 1935 on a 7,000 sq ft lot. With such a large footprint and plenty of bedrooms, it lends itself to multiple value-add strategies, whether as a rental to multiple tenants or as a full rehab for flip or long-term hold. The affordability in this market means an investor can achieve a favorable entry cost, then capture upside via rental arbitrage, light improvements, and-or position for appreciation as the neighborhood evolves. The proximity to local amenities, modest local competition, and the size of the home all point to strong upside for those willing to invest in repositioning it.

Location

Full feature list

Basic info

Property type
House
Number of bedrooms
5
Number of bathrooms
2
Square feet
2,584
Lot size (acres)
0.16
Year built
1935

Utilities

Heating
Central, Electric, Natural gas
Cooling
Ceiling fan(s), Electric
Sewer
Public sewer
Water
Public

Taxes

Tax Annual Amount
$1,664

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: North Texas Real Estate Information Systems (NTREIS) MLS®#: 21159255 Last checked:

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the NTREIS Multiple Listing Service. Real estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.