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About the Listing JHRE01 - 0303307
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.
Listing Highlights
Interior Details
- Bedrooms: 5
- Bathrooms: 2 Full
- Appliances: Gas Oven, Gas Range
- Air Cond: Ceiling Fan(s),Electric
- Heating: Central,Electric,Natural Gas
- Fireplaces: 0
- Floor: Laminate
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Master on Main
- Water:
Exterior Details
- Lot Description: Less Than .5 Acre (not Zero)
- Garage Capacity: N/A
- Roof: Metal
- Others:
- Sewer:
- Parking Features: Open
Financial Details
- Tax Amount: $1,664
- Taxes w/Assessments: N/A
- Tax/Property ID: 112312
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
408 N Wichita St Electra, TX 76360
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