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109 Cole Road, Red Oak, TX 75154

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For Sale

$925,000

7 beds • 6 baths • 2 half baths • 6,979 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Single Family Detached
    Property type

  • $132.54
    Price per square foot

  • 21-30 Years Old
    Age

  • Fireplace
    Fireplace

Explore this Property

MULTI-GENERATIONAL FAMILY ~OR~ INCOME OPPORTUNITY ON 8 SCENIC ACRES!! Discover this rare and versatile property offering three distinct buildings set on 8 heavily treed acres with a picturesque 1-acre pond. Total under-roof area: Approx. 7,000 sq ft across 3 buildings, 7 beds, 8 baths. Property Acreage: 7.97 acres, .7 acre pond. Building #1: 450 sq ft storage shed. Building #2: 2,000 sq ft event building with 1 bedroom (on-suite bath) + separate guest bath. Building #3: Main house 2,600 - 3300 sq ft, 4 bedrooms, 2½ baths; Master Bath + Master bedroom + Living Room is remodeled. Building #4: Bardominium duplex (1,800 sq ft total = 2 units, 900 sq ft each). ~~Zoning Permitting: NO HOA, County annexed (therefore building & septic permits are only required) ~~Use Case: Ideal for investor acquisition as an event venue or wedding facility + rental income (duplex + guest unit + main house) ~~Investment Highlights: Multi-building layout allows multiple income streams (event venue revenue + residential duplex rental income). Event building in place reduces repurposing cost compared to starting from scratch. Duplex units provide stable rental cash flow, helping cover property overhead while event business scales. County jurisdiction simplifies permitting (no city zoning change required) potentially faster time-to-market. Proximity to Dallas Fort Worth metro means access to larger event demand pool plus residential rental demand. Remodel in main house adds value, supports owner-residence or short-term rentals. The 7,000 sq ft (under roof) includes the multiple buildings (main house, bardo duplex, event building, storage shed). **PRICE REDUCTION, BRING ME YOUR OFFERS - The price sq ft premium for high-end, large homes may be higher; but at the same time the unconventional layout may suppress value relative to single-family homes because many buyers won t value the event building or duplex units the same as residence.
MLS# 21100387

Courtesy Of BLVD Group, Listed By Welton Douglas

(214) 308-1363

Property Features

  • Age
    21-30 Years Old
  • Amenities
    Sports Court
  • Appliances
    Cooktop, Cooktop - Electric, Dishwasher, Dryer, Garbage Disposer, Ice Maker, Microwave, Refrigerator, Washer
  • Architecture Style
    Ranch
  • Exterior Type
    Brick, Glass
  • Fireplace
    Fireplace
  • Floor Covering
    Carpet, Concrete, Laminate, Tile, Tile - Ceramic, Vinyl
  • Lot Size
    7.8 Acres
  • Roof Type
    Metal

Map and Directions

Directions to 109 Cole Road, Red Oak, TX 75154

Home seller CENTURY 21 Judge Fite Company

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.