$40,000

House for sale Electra
Property photo number 1 of 6 Photos for Property. File  96803466_29_243d78c1f2b4588eb8ac029e4ac6cc85.jpeg

Overview

SUMMARY: Discover an opportunity with this Electra house for sale and available for $40,000. This could be your next ideal home or a smart investment. More details await.
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.

Electra TX 76360

5 bedroom house for sale

  • Beds: 5
  • Baths: 2
  • Price: $40,000
  • Area: 2,584 sqft

Location

Electra TX 76360

5 bedroom house for sale

For Your Home


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The information about this listing comprises a listing advertisement. Listanza makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information. Further, Listanza has no control over the content. The information is provided and maintained by the owner/agent. Please contact the owner/agent directly to obtain any additional information.