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… Read More 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. Read Less
Courtesy of Joseph Walter Realty, LLC, Edward Mcclintick.
Listing Snapshot
Days Online
18
Last Updated
Property Type
Single Family Residence
Beds
5
Full Baths
2
Square Ft.
2,584
Lot Size
0.16 Acres
Year Built
1935
MLS Number
21119857
Additional Details
Appliances & Equipment
GasOven, GasRange
Building
Built in 1935, Architectural style: Ranch, Detached, Levels: Two, One, 1, Structure type: House
Cooling
CeilingFans, Electric
Floors
Laminate
Heating
Central, Electric, NaturalGas
Lot
0.161 acres, 7,013 sqft
Parking
Open
Pool
None
Roof
Metal
Sewer
PublicSewer
Utilities
SewerAvailable, WaterAvailable
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