
Cute c.1920 Affordable Texas Home For Sale $58K
$58,000
Back on the market through no fault of the seller — buyer financing fell through. This 2-bedroom, 1-bath affordable Texas home is ready for immediate renovation. While livable as-is, cosmetic updates would be a nice touch.

Realtor Comments
Estimated market rent ranges from $900 to $1, 200 per month, depending on finishes and improvements. With renovations, the ARV is estimated at $135, 000, providing room for equity growth or improved cash flow. The home is located approximately 9 miles from Wichita Falls High School and sits in a market with consistent rental demand. Virtual photos are included to showcase remodel ideas and future potential. Vacant ready for improvements Value add opportunity Estimated rent, $900 to $1, 200month Virtual remodel images included Property sold As Is Cash offers preferred seller will consider Seller financing!
- 2bed
- 1bath
- 1,080sqft
- 7,100sqft lot
- Circa 1929
More Texas Properties

1603 Speedway Ave, Wichita Falls, TX 76301 $58,000
If interested in a property, please contact the realtor whose link is provided in the post below, or contact an agent of your own choosing. Independent verification of details and status is recommended.
Contact Realtor: Naara Andrade
Brokered by Realty of America, LLC

Pros
- Affordable cost of living: Housing, utilities, and everyday expenses are generally lower than state and national urban averages, offering good value for money.
- Strong local healthcare and education anchors: United Regional Health Care System and Midwestern State University provide stable employment, medical services, and cultural/educational programming.
- Central location in North Texas: Reasonable driving distances to Dallas–Fort Worth (about 2–2.5 hours), Oklahoma City (about 2 hours), and other regional centers for weekend trips or specialized services.
- Good civic and cultural offerings: Museums (e.g., Wichita Falls Museum of Art), performing arts, annual events and festivals, and a growing local food and craft-beer scene.
- Parks and outdoor recreation: Lucy Park, Kell House Museum grounds, and nearby lakes (Lake Wichita, Lake Kemp) offer trails, boating, fishing, and outdoor activities.
- Strong sense of community: Friendly neighborhoods, active civic groups, volunteerism, and local traditions.
- Job opportunities in key sectors: Healthcare, education, retail, manufacturing, and regional government provide employment; aviation and defense presence nearby (Sheppard AFB) supports the economy.
- Growing downtown and redevelopment efforts: Ongoing revitalization projects and public investment in arts and urban amenities.
- Mild to warm winters: Winters are generally short and milder than northern climates.
Cons
- Hot, humid summers: Long, hot summers with high humidity and frequent heat advisories; air conditioning is essential and cooling costs can rise.
- Severe weather risk: Tornadoes, thunderstorms, hail, and occasional flash flooding are risks in this region—residents should be prepared and insured.
- Public transit limitations: Limited regional public transportation; most residents rely on cars for commuting and errands.
- Economic variability and wage levels: While stable sectors exist, average wages can be lower than major metros, and some industries offer limited high-paying job opportunities.
- Air quality and industrial activity: Industrial operations in the region can contribute periodically to localized air quality concerns.
- Some neighborhoods vary in safety and upkeep: Like many mid-size cities, neighborhoods differ widely—some areas may have higher crime or blight than others.
- Limited direct international travel: For major international flights, Dallas/Fort Worth or other larger airports are needed, adding travel time.
- Cultural and dining variety smaller than big metros: While growing, the selection of niche restaurants, specialty shops, and large-scale cultural institutions is less than in larger cities.
- Summer utility and cooling costs: High electricity bills in summer months due to heavy AC use.
- Occasional infrastructure strain: Rapid growth in some areas can stress roads, drainage, and municipal services unless matched by investment.

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