601 Houston School Rd, Red Oak, TX 75154
- $665,000
- 3
- BD
- 2
- BA
- 1,785
- SqFt
- List Price
- $665,000
- MLS#
- 21371741
- Status
- ACTIVE
- Type
- Single Family Residential
- Subtype
- Residential
- Style
- Traditional, Detached
- Year Built
- 1989
- Bedrooms
- 3
- Bathrooms
- 2
- Acres
- 0.68
- Living Area
- 1,785
- County
- Ellis
- City
- Red Oak
- Subdivision
- Western Hills
Property Description
INCREDIBLE RESIDENTIAL INCOME OPPORTUNITY – CASH FLOW NOW IN A RAPIDLY GROWING CORRIDOR! Welcome to a highly unique and versatile residential estate situated on a prime corner lot with direct access off the Loop 9 frontage road. Perfectly designed for savvy residential investors, multi-generational families, or homeowners seeking an incredible live-work setup, this multi-structure property offers immediate rental income streams and immense long-term equity growth. Located within a designated Opportunity Zone, this high-upside location benefits from being directly across the street from a brand-new 172-acre facility, positioning your investment perfectly in a booming, high-value corridor.MULTI-STRUCTURE INCOME-PRODUCING RESIDENTIAL ASSETS: Primary Residence (1,785 Sq. Ft.): A spacious, well-maintained residential home featuring a highly functional layout. This primary dwelling is perfect for an owner-occupant or can serve as a high-demand long-term rental unit.Detached Guest Cottage, Studio (420 Sq. Ft.): A versatile 20x21 separate secondary residence equipped with its own kitchenette. This private space is ideal for immediate cash flow as an income-producing rental, a separate mother-in-law suite, or a quiet home office.Expansive Multi-Use Garage-Shop (3,076 Sq. Ft.): A massive 50x50 metal workshop and garage featuring a full second floor. Secured Covered Parking & Storage: Includes an additional 12x50 covered storage area positioned behind a secure metal fence—perfectly optimized for boat, RV, or truck parking, saving you or your tenants massive monthly storage fees.ENDLESS VERSATILITY & POTENTIAL:This property offers a rare level of residential flexibility. Capitalize on a multi-tenant rental portfolio by leasing out the main home, guest cottage, and massive workshop separately, or move right into a spacious estate with ample room for your business, hobbies, and family. Don't miss this exceptional chance to secure a high-upside, multi-income residential property!
Additional Information
- Unexempt Taxes
- $3,161
- Lot Size
- 29,751
- Lot Description
- Corner Lot, Landscaped, Few Trees
- Interior Features
- Decorative Designer Lighting Fixtures, Double Vanity, Eat-In Kitchen, Granite Counters, Kitchen Island, Walk-In Closet(s), Wired Audio
- Flooring
- Tile
- Foundation
- Slab
- Roof
- Composition
- Stories
- 1
- Pool Features
- None
- Fireplaces
- 1
- Fireplace Type
- Living Room, Masonry
- Exterior
- Other
- Carport Spaces
- 2
- Parking Garage
- Attached, Drive Through, Driveway, Garage Faces Front, Garage, RV Garage, Workshop in Garage, Rv/Boat Parking, Rv/Boat Parking
- School District
- Red Oak Isd
- Elementary School
- Red Oak
- Middle School
- Red Oak
- High School
- Red Oak
- Possession
- CloseOfEscrow
Mortgage Calculator
Listing courtesy of Josh Mills from Relo Radar. Contact: 817-774-9077
Listings provided by North Texas Real Estate Information Systems (NTREIS). Listing data has been deemed reliable but is not guaranteed to be accurate by the MLS.
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