408 N Wichita St, Electra, TX 76360

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 amenitie...