109 Cole Road, Red Oak, TX

About 109 Cole Road

MULTI-GENERATIONAL LIVING 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: ~7,000 sq ft across 4 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) + separate guest bath Building #3: Main house ~2,600 - 3300 sq ft, 4 bedrooms, 2½ baths; master + one bedroom + Living is partially remodeled Building #4: Bardominium duplex (~1,800 sq ft total = 2 units of ~900 sq ft each) Zoning Permitting: Cty annexed (only building & septic permits required) — gives usage flexibility (residential + event rentals) Use Case: Ideal for investor acquisition as an event venue 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 wedding event demand pool plus residential rental demand. Remodel in main house adds value, supports (day of) lodging or owner-residence or short-term rentals. The 7,000 sq ft (under roof) includes multiple buildings (barndo duplex, event building, storage shed) not just the main residence. **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 pure single-family homes because many buyers won’t value the event building or duplex units the same as residence.

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