BEDS5
BATHS2 full
SQUARE FEET2,584
MLS#21159255
STATUSPending
PROPERTY TYPEResidential - Single Family
SUBDIVISIONOriginal Town E
SCHOOLElectra ISD
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.
Property Features
Property Type: Residential - Single Family
Cooling: Ceiling Fan(s), Electric
Heating: Central, Electric, Natural Gas
Home Style: Ranch
Lot Size: 0.16 Acres
Roof Type: Metal
Year Built: 1935
Amenities
Other
Feature Descriptions
Appliances: Gas Oven, Gas Range
Days on Site: 45
Flooring: Laminate
Parcel#: 112312
Parking: Open
Parking Notes: Open
Utilities: City Sewer, City Water
Room Sizes
Bedroom-Primary: 12.00 x 12.00 Level - 1
Bedroom: 12.00 x 12.00 Level - 1
Bedroom: 10.00 x 10.00 Level - 2
Bedroom: 10.00 x 10.00 Level - 2
Bedroom: 10.00 x 10.00 Level - 2
Bath-Full: 8.00 x 8.00 Level - 2
Kitchen: 15.00 x 15.00 Level - 1
Utility Room: 8.00 x 8.00 Level - 1
Living Room: 15.00 x 15.00 Level - 1
Local Schools
Elementary School: Dinsmore
School District: Electra ISD
Listed By / Shown By
Listed By
Agency Name: Joseph Walter Realty, LLC
Agency Contact: 888-227-1009
Agent Name: Edward Mcclintick
Shown By
Agent Name: Russell Cox
Agent Phone: Cell: (254) 717-6447
Agency Title: Kelly, Realtors
Estimate Your Payment
Estimated Payment
$ 84.33 per month $74.56 Principal & Interest $0.00 Property Tax (data not provided by mls) $9.77 Homeowner's InsuranceChange Payment Information
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408 N Wichita Street | MLS# 21159255
This single family home located at 408 N Wichita Street, Electra, TX 76360 is currently listed for sale with an asking price of $33,500. This property was built in 1935 and has 5 bedrooms and 2 full baths with 2584 sq. ft. N Wichita Street is located in the Original Town E subdivision within the Electra ISD school district. Search Original Town E real estate on www.254sale.com today.