Investment Property??

[bigolepig]

Okay...this is a local real estate listing for a very well known place here in Wichita Falls. Any takers???

http://www.kathyadamsrealty.com/property/detail/99154/

[Buddlite]

A haunted sanitarium....sounds just what I've been looking for......Melissa you have way too much time on your hands finding this stuff!!!!!!

[mo21012]

How does one know that something is KNOWN to be haunted ???

Sounds like a good day, but I barely cook in one kitchen, don't need two!

Mo

[bigolepig]

A haunted sanitarium....sounds just what I've been looking for......Melissa you have way too much time on your hands finding this stuff!!!!!!


I saw it on the real estate ads today...FUNNY part is...they are having an OPEN HOUSE on Halloween night at this place. WHAT THE!! I mean...marketing is everything...let's use what is the selling points about this place....shall I schedule a showing???

[tradinpaintwith24]

Okay...this is a local real estate listing for a very well known place here in Wichita Falls. Any takers???

http://www.kathyadamsrealty.com/property/detail/99154/
What is the lot size?

[Shirley]

Both Kitchens have just about the same layouts. One for you and the other for the Ghost. :razz:

[Buddlite]

Might make a wonderful Funeral Home, keeping with the ghost thing and all. I think an Open House on Halloween would be perfect!!!!!!!!!!

[bigolepig]

White Sanitarium
http://wichitan.mwsu.edu/myclipart/29-october-04_sanitarium.jpg

The F.S. White Sanitarium, located at the corner of California and Olen roads, opened in 1926 under the direction of Frank S. White, a man who had been superintendent at the state asylum in Austin before the turn of the century. He first advocated providing a non-institutionalized lifestyle for his patients to diminish the effects of the asylum itself on their sanity. He ran the facility for just five years before retiring for health reasons.
In 1939, the building was abandoned after it was damaged due to severe flooding. The building remained a local haunt for daring teens until 2002, when Gilbert Rios, who was 70 years old at the time and retired, purchased the building for $15,000, a measly price for such a vast estate.
There were so many tales of horror and hell associated with the asylum that most investors wouldn’t touch it.
A group of Houston ghost hunters contacted Rios in August, 2002, requesting a visit to the asylum. They set up shop in the White building, monitoring it for any signs of supernatural activity. The results were inconclusive at that time.
Rios is not a superstitious man nor does he believe in ghosts. His purpose for the asylum is to repair and refurbish it into an apartment complex. The building now possesses a fresh coat of pink paint, a well-manicured lawn, and attractive landscaping.
Though Rios does not believe in ghosts himself, that doesn’t mean they aren’t there. One MSU student told a tale of high school friends discovering abandoned manacles in the asylum’s basement. Local residents tell stories of ghosts seen playing cards, as well as unexplained screams heard, coming from the direction of the asylum, in the dark hours of the night.

[bigolepig]

What is the lot size?

No clue, but it isn't the part of town you want to build something new in either...if I was going to be home on Friday, I might just take a stroll through the place...sorry...race weekend!!

[Shirley]

I just checked it out on MSN Live Search Maps and it looks like to me that the Ghost have ran off all the neighbor's. I can't believe that they are asking that kind of money for that.

[Nascar#3]

Wow..That would make an awesome B&B...Any tourist attractions close by ??

[takeabreath3]

i have toured that property!!! when rios bought it and thought about converting it he was looking at getting subsidies for the conversion and rental assistance. i was ask by RD to walk the property for the conversion!

the place is really awesome on the inside and could have been converted into apartments with TONS of money. never heard anything from RD so figured they didn't go through with the deal! had some great old details left from days gone by, at looking at pictures it looks like it has been rehabed somewhat and those details are gone!! especially in the kitchen! thats really too bad!!

it actually sits on a couple of acres!

stay safe all!

[bigolepig]

Did ya get the heebie jeebies when ya went through it?? LOL I told my co-workers and now there are several that are going to go on Friday.