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Wichita, US
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.
Courtesy Of: Joseph Walter Realty, LLC
Feature Highlights
- Dining Room
- Family Room
General Features
- Style:
- Ranch
- Garage:
- Open
Public Schools
- School District:
- Electra ISD
- Elementary School:
- Dinsmore
- Jr High School:
- Electra
- High School:
- Electra
Interior Features
- Baths Full:
- 2
- Room Count:
- 9
- Number Of Living Areas:
- 1
- Number Of Dining Areas:
- 1
- Interior Features:
- Other
- Heating:
- Central,Electric,Natural Gas
- Flooring:
- Laminate
- Beds Total:
- 5
Exterior Features and Amenities
- Lot Size:
- Less Than .5 Acre (not Zero)
- Lot Size Area:
- 0.1610
- Lot Size Units:
- Acres
- Architectural Style:
- Ranch
- Parking Features:
- Open
- Roof:
- Metal
- Subdivision Name:
- Original Town E
Utility Information
- Utilities:
- City Sewer,City Water
Financial
- Unexempt Taxes:
- $1,664.00
- Tax Legal Description:
- LOT 7 & 8 BLK 48 ORIGINAL TOWN, E
- Transaction Type:
- For Sale
Other Features
- Will Subdivide:
- No
- Structural Style:
- Single Detached
- Possession:
- Closing/Funding
- Parcel Number:
- 112312
Directions
From US-287 in Electra, travel east on W-State Highway 25 for 0.8 mile, then turn left (north) onto N Wichita St and continue 0.3 mile to the property on the right.
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Data last updated: 2025-12-16.
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