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.
2,584 Sq Ft
7,013.16 Sq Ft Lot Size
Single Family Home
Built in 1935
MLS/Listing ID 21119857
Parking - Open
Metal
Gas Range
Gas Oven
Style - Ranch
Cooling - Electric
Cooling - Ceiling Fans
Laminate
Heating - Natural Gas
Heating - Electric

TOTAL MONTHLY COST
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