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$665,000

601 Houston School Road, Red Oak, TX 75154

3 bd 2 ba 1,785 sq ft House · Built 1989

Price / sq ft$373
Lot0.68 acres
Built1989
Stories1
HeatingElectric, Fireplaces
CoolingCentral Air, Ceiling Fans
SchoolsRed Oak ISD
ElementaryRed Oak
SubdivisionWestern Hills
MLS #21371741
Est. $4,962/mo · 7.18% · 20% down What rate do you qualify for? Find out Own a home near Red Oak?Free estimate from nearby sales, in 30 seconds. Estimate

About this home

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!

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Features

  • Inside: Decorative Designer Lighting Fixtures, Double Vanity, Eat In Kitchen, Granite Counters, Kitchen Island, Walk In Closets, Wired For Sound
  • Outside: Other
  • Appliances: Double Oven, Electric Cooktop, Microwave, Vented Exhaust Fan
  • Parking: Attached Carport, Drive Through, Driveway, Garage Faces Front, Garage, Rv Garage, Workshop In Garage, Boat, Rv Access Parking

Where it is

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Listing information comes from the North Texas Real Estate Information Systems (NTREIS) IDX program and is deemed reliable but not guaranteed. Price and status can change; the listing agent has the latest.