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Harrison Lilly

| Harrison Lilly Realty Dallas | Harrison Lilly Realty | PLACE

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601 Houston School Rd , Red Oak, TX 75154
$665,000
Est. Payment: $3,680.92/mo
3 Bed
2 Bath
1785 Sqft
0.68 Acres
Status: active | Days on site: 38
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House 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!

Highlights

Listed by Josh Mills , and Scott Murphy , Relo Radar , North Texas Real Estate Information Systems

Property Type

Residential

Lot/Acreage
0.68

Year Built

1989

County

Ellis

Neighborhood

Western Hills

School District

Red Oak ISD

Listing ID

21371741

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:3
  • ▪ Bathrooms:2
  • ▪ Full Bathrooms:2
Appliances:Electric Cooktop, Microwave, Double Oven, Vented Exhaust Fan
Air Cond:Ceiling Fan(s),Central Air
Fireplaces:Brick,Living Room
Floor:Tile
Other:
  • ▪ Additional:Decorative Lighting, Double Vanity, Eat-in Kitchen, Flat Screen Wiring, Granite Counters, Kitchen Island, Walk-In Closet(s), ADU, Master on Main

Exterior Features

Lot:Corner Lot,Few Trees,Landscaped,.5 to < 1 Acre
Roof:Composition
Others:
  • ▪ Additional:RV/Boat Parking, Preowned
Parking Features:Attached Carport,Drive Through,Driveway,Garage,Garage Faces Front,RV Garage,Workshop in Garage
Principal Interest
$3,681
Taxes
$263

Home Price

$665,000

Loan Details

30 yrs
7.393%

Down Payment

20%
$133,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$3,680.92

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,680.92 $263.42 $0.00 $3,944.34
Yearly $44,171.05 $3,161.00 $0.00 $47,332.05
Total $1,325,131.35 $94,830.00 $0.00 $1,419,961.35

Today's Rates

30 Year

7.39%

20 Year

7.2%

15 Year

6.63%

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Market insight data is pulled from the same city as the listing being viewed (Red Oak, TX).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by North Texas Real Estate Information Systems Multiple Listing Service, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-10-11T00:07:32.300Z

© 2026 North Texas Real Estate Information Systems