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Holly Kraatz

holly@kraatzrealty.com +1(817) 614-2325

$ 72,500

Est. payment -/mo

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Price Dropped by $2K

1603 Speedway Avenue Wichita Falls, TX 76301

2 Beds

1 Bath

1,080 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,080 sqft

Price per Sqft $67

Subdivision Cone

MLS Listing ID 20868528

Bedrooms 2

Full Baths 1

HOA Y/N None

Year Built 1929

Annual Tax Amount $1,722

Lot Size 7,100 Sqft

Acres 0.163

Property Sub-Type Single Family Residence

Property Description

Investor Special – Turnkey Rental with Value-Add Potential in Wichita Falls

Excellent opportunity for investors! This 2-bedroom, 1-bath home is currently tenant-occupied by reliable, long-term tenants (10+ years) who always pay on time—offering immediate rental income and strong cash flow.

The home is in livable condition but could benefit from cosmetic updates, presenting a great value-add opportunity. With improvements, the ARV (After Repair Value) is estimated at $135,000, allowing room for equity growth or increased rental rates.

Located in a stable rental market, this property is a solid addition for both seasoned and first-time investors.

Property sold As-Is. Seller is open to Onwer Finance, how ever Cash offers preferred

Location

State TX

County Wichita

Direction See GPS

Rooms

Dining Room 1

Interior

Interior Features Open Floorplan

Fireplaces Number 1

Fireplaces Type Living Room

Appliance Gas Range, Gas Water Heater, Refrigerator

Exterior

Utilities Available City Sewer, City Water, Electricity Connected, Natural Gas Available

Garage No

Building

Story One

Level or Stories One

Schools

Elementary Schools Franklin

Middle Schools Barwise

High Schools Hirschi

School District Wichita Falls Isd

Others

Ownership See tax records

Virtual Tour https://www.propertypanorama.com/instaview/ntreis/20868528

North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)

Listed by Naara Andrade • Realty of America, LLC

Holly Kraatz

Broker / Owner | License ID: 0607618

+1(817) 614-2325

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Holly Kraatz

1603 Speedway Avenue Wichita Falls, TX 76301

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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1603 Speedway Avenue