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Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 2,584 sqft
Subdivision Original Town E
MLS Listing ID 21159255
Style Ranch
Bedrooms 5
Full Baths 2
Year Built 1935
Annual Tax Amount $1,664
Lot Size 7,013 Sqft
Property Sub-Type Single Family Residence
Property Description
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
State TX
County Wichita
Rooms
Dining Room 1
Interior
Heating Central, Electric, Natural Gas
Cooling Ceiling Fan(s), Electric
Flooring Laminate
Exterior
Utilities Available City Sewer, City Water
Roof Type Metal
Building
Story Two
Schools
Elementary Schools Dinsmore
High Schools Electra
School District Electra Isd
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Bought with Non-NTREIS MLS Licensee • NON MLS
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