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$40,000
Listing Price5beds
2baths
2,584sqft
7,000sqft lot
408 N Wichita St, Electra, TX 76360
Member Features
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Full foreclosure details
Home value, equity and ownership info
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For Sale
Home type
Price / sqft
Year built
Home Details
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.
Interior Details
2584
5
2
Has Heating:
Yes
Heating Type:
Central
Has Cooling:
Yes
Cooling Type:
Central
Has Fuel:
No
Fuel Type:
N/A
Has Basement:
No
Basement Type:
N/A
Has Flooring:
No
Flooring Type:
N/A
Has Fireplace:
Yes
Fireplace Type:
N/A
Property Details
7000
No
No
Type:
N/A
Location:
N/A
Status:
N/A
Number of Spaces:
N/A
No
No
No
No
Yes
No
No
Construction Details
N/A
Frame Wood
N/A
N/A
Metal
Tax History
Year
Amount
Land
Improvement
Percent Change
Assessment
2020
$1,501
$350
$59,385
--%
$59,735
2019
$1,501
$350
$58,502
--%
$58,852
2018
$1,382
$350
$54,039
--%
$54,389
2017
$1,358
$350
$53,262
--%
$53,612
2016
$1,347
$343
$54,286
--%
$54,629



