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      McKinney, TX 75071

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    North Texas Real Estate Information Systems

    © 2023 North Texas Real Estate Information Systems, Inc. All rights reserved. Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Bloom 5 Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The database information herein is provided from and copyrighted by the North Texas Real Estate Information Systems, Inc. NTREIS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright

    $40,000
    For Sale

    408 Wichita Street

    Electra, TX 76360
    2584 sqft | 5 beds | 2 baths | 0.16 acres | #21119857
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    23 photos
    Type:Purchase
    Structure:House
    Zone:Residential

    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 Details
        • Utility FeaturesSewer Available, Water Available
        • HeatingCentral, Electric, Natural Gas
        • Property Subtype AdditionalSingle Family Residence
        • CoolingCeiling Fans, Electric
        • Property SubtypeSingleFamilyResidence
        • AppliancesGas Oven, Gas Range
        • StyleRanch, Detached
        • SubdivisionOriginal Town E
        • Sewer InformationPublic Sewer
        • School DistrictElectra ISD
        • Property TypePurchase
        • Elementary SchoolDinsmore
        • MLS #21119857
        • MLS #21119857
        • High SchoolElectra
        • CountyWichita
        • Utility SourcePublic
        • Taxes Annual$1,664
        • Parcel Number112312
        • InteriorOther
        • Acres0.161
        • RoofMetal
        • Cost40000
        • Structure TypeHouse
        • Square Feet2584
        • Parking FeaturesOpen
        • Year Built1935
        • Bedrooms5
        • Bathrooms2
        • Full Baths2
        • Days on Market (Cumulative)1

    Location

    Legal

    © 2023 North Texas Real Estate Information Systems, Inc. All rights reserved. Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Bloom 5 Real Estate shall be responsible for any typographical errors, misinformation, or misprints and shall be held totally harmless. The database information herein is provided from and copyrighted by the North Texas Real Estate Information Systems, Inc. NTREIS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright

    Last Updated: Today at 4:47 AM. Source: NTREIS

    Provided By
    Listing Agent: Edward Mcclintick (#0303307), Phone: (888) 227-1009
    Listing Office: Joseph Walter Realty, LLC (#JHRE01)

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