Location
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
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
Property Details
Price:
$72,500
MLS #:
20868528
Status:
Active
Beds:
2
Baths:
1
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
Cone
Listed Date:
Mar 12, 2025
Finished Sq Ft:
1,080
Lot Size:
6,970 sqft / 0.16 acres (approx)
Year Built:
1929
Schools
School District:
Wichita Falls ISD
Elementary School:
Franklin
Middle School:
Barwise
High School:
Hirschi
Interior
Bathrooms Full
1
Fireplace Features
Living Room
Fireplaces Total
1
Interior Features
Open Floorplan
Number Of Living Areas
1
Exterior
Lot Size Area
0.1630
Financial
See this Listing
Aaron a full-service broker serving the Northern DFW Metroplex. Aaron has two decades of experience in the real estate industry working with buyers, sellers and renters.
More About AaronMortgage Calculator
Similar Listings Nearby
Community
- Address1603 Speedway Avenue Wichita Falls TX
- SubdivisionCone
- CityWichita Falls
- CountyWichita
- Zip Code76301
Subdivisions in Wichita Falls
- 2303
- A-481 E SCURRY
- Arbor Hill
- Barwise & Jalon
- Bateson Add
- Belair
- Bellevue Add
- Bridge Creek Estates
- Canyon Trails
- Carriage Hills
- CBD
- Childers
- CKJP ADDITION
- Colonial Park
- Cone
- COUNTRY CHAPEL SD A-283 & A-95
- Country Club Estates
- Dembreski
- Ditto Heights
- Dutton
- East Side
- Ed Riley Sub 2
- Edgecliff Estates
- Expressway Village
- Faith Village 1
- Faith Village 2
- Floral Heights
- FLORAL HEIGHTS – NORTH
- Floral Heights W S
- Floral Heights West
- Fountain Park 1b
- Fountain Park 2d
- Grainger & Ballow
- Grants
- Highland
- Hill & Hill Heights
- Hillcrest
- Holliday Heights
- Homewood Heights
- Jalonic
- Kemp
- Lakeside City
- Lakeview Assembly of God
- Landrum & Henderson
- Lee Gilbert Sub
- Loch Lomond
- Longhorn Add
- Lynwood
- Lynwood West 1
- M ANTHONY
- Mckenzie
- Meadow Lake A
- Midwestern Farm
- Midwestern Park 1
- Mps West End Add
- Orig Bowie
- Original Town
- Original Town Wf
- Park Place
- Patterson\’s
- Rancho Vista Place
- RAY MASSIE
- REMARKS
- River Bend
- Rolling Hills
- Rolling Hills Estate
- RURAL WICHITA FALLS SW
- S B WILSON
- Sec 6 Midwestern Farms
- Sibley Taylor
- Sikes Estates
- Singleton 2
- South Side Acre
- Southland
- STONE LAKE ESTATES PHASE 9
- Sun Valley 2
- Sunnyside Heights
- Sunset Terrace
- Sunset Terrace 1
- Sunset Terrace 2
- Thaten Shopping
- University Park B1
- University Park B2
- University Park C1
- University Park East
- University Park West
- Vanguard
- Ward Add
- Willow Brook 1
- Wyatt Add
LIGHTBOX-IMAGES
NOTIFY-MSG
Market Summary
Current real estate data for Single Family in Wichita Falls as of Aug 03, 2025
75
Single Family Listed
166
Avg DOM
133
Avg $ / SqFt
$288,237
Avg List Price
Property Summary
- Located in the Cone subdivision, 1603 Speedway Avenue Wichita Falls TX is a Single Family for sale in Wichita Falls, TX, 76301. It is listed for $72,500 and features 2 beds, 1 baths, and has approximately 1,080 square feet of living space, and was originally constructed in 1929. The current price per square foot is $67. The average price per square foot for Single Family listings in Wichita Falls is $133. The average listing price for Single Family in Wichita Falls is $288,237. To schedule a showing of MLS#20868528 at 1603 Speedway Avenue in Wichita Falls, TX, contact your Aaron Layman Properties agent at 940-209-2100.
LIGHTBOX-IMAGES
NOTIFY-MSG
1603 Speedway Avenue
Wichita Falls, TX
LIGHTBOX-IMAGES
NOTIFY-MSG