408 N WICHITA STREET, ELECTRA, TX 76360
Homes for sale in Electra.
Homes for sale in 76360.
408 N Wichita Street
Electra, TX 76360
List Price$40,000
Listing #21119857
About This Property
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
Location Information
County
Wichita
Subdivision
Original Town E
Interior Features
Rooms
Second Floor Bedroom, Second Floor Bedroom, Second Floor Bedroom, First Floor Bedroom, Second Floor Full Bath, First Floor Kitchen, First Floor Living Room, First Floor Primary Bedroom, First Floor Utility Room
Has Fireplace
No
Interior
Other
Number of Fireplaces
0
Master Bedroom Description
12 x 12
Heating
Central, Electric, Natural Gas
Full Baths
2
Cooling
Ceiling Fan(s), Electric
Living Room Description
15 x 15
Floors
Laminate
Kitchen Description
15 x 15
Appliances
Gas Oven, Gas Range
Exterior Features
Style
Ranch, Detached
Garage Spaces
0
Stories
1
Pool Description
None
Roof
Metal
Lot Size in Acres
0.161
Water / Sewer
Sewer Available, Water Available
Lot Size in Sq. Ft.
7,013
Utilities
Sewer Available, Water Available
Is One Story
Yes
Parking Description
Open
School
Elementary School District
Electra ISD
High School
Electra
Elementary School
Dinsmore
Additional Information
Property Type
SFR
Status
Active
Property SubType 2
House
Has a Home Owners Association
No
Property SubType
Single Family Residence
Tax Annual Amount
1664.0
Year Built
1935
Mortgage Calculator
$186
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$144
Monthly Tax
$33
Monthly Insurance
$9
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Schools
Walk Score
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