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$3,050,000

Est. payment - /mo

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2 Beds

2 Baths

13.54 Acres Lot

New

4444 Chaha Road #202 Garland, TX 75043

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Key Details

Property Type Single Family Home

Sub Type Multiple Single Units

Listing Status Active

Purchase Type For Sale

Subdivision Faulkner Point 01-Faulkner Point

MLS Listing ID 20985443

Bedrooms 2

Full Baths 2

HOA Fees $6,246/mo

HOA Y/N Mandatory

Total Fin. Sqft 842

Year Built 1981

Annual Tax Amount $3,925

Lot Size 13.545 Acres

Acres 13.545

Property Sub-Type Multiple Single Units

Property Description

Great opportunity to own an amazing group of condos on the banks of Lake Ray Hubbard. Great location near major highways I30 and 190 for easy access to anywhere in the metroplex, plus easy bus line access make these easy to lease. Being adjacent to Bass Pro Shops and just across from the emerging entertainment destination site of the Bayside Resort make these great Airbnb's as well, just remind your guests to bring their swim suits to enjoy the TWO swimming pools and their fishing poles and Kayaks to enjoy using right off the banks of the complex in beautiful Lake Ray Hubbard! Every unit has a private patio or balcony with most offering fantastic lake views!! Short term rentals are allowed by the HOA. Well managed HOA and high occupancy rates make this an appealing opportunity that you should not miss. Onsite property manager is willing to stay at a very reasonable rate making this a very low effort investment. True cap rate of around 6% inclusive of all expenses including management. Recent quick CMA shows that the price for purchasing these separately is around 500K more than these are listed for as a package, allowing you to create almost half a million of instant equity! Owner may be willing to finance with a 25% down payment at 6.5% interest. No showings until substantial agreement on price and terms. Tenants pay electric. All other utilities and exterior maintenance are covered by the HOA dues. All units have a fireplace and full size washer dryer connections as well as additional outdoor storage. Several units are currently leased at below market rates giving a nice upside opportunity for new owners. Owner is a licensed TX real estate broker. Text for fastest response. See transaction desk for more details. 15 units are two bedrooms and 7 are one bedrooms. This package is for 22 units within a 252 unit complex. Each of the 22 units have a unique parcel ID number.

Location

State TX

County Dallas

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Interior

Interior Features Decorative Lighting

Heating Central

Cooling Central Air

Flooring Combination

Appliance Dishwasher, Disposal

Heat Source Central

Exterior

Utilities Available City Sewer

Roof Type Asphalt

Garage No

Private Pool 1

Building

Story One

Foundation Slab

Level or Stories One

Structure Type Brick

Schools

Elementary Schools Choice Of School

Middle Schools Choice Of School

High Schools Choice Of School

School District Garland Isd

Others

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Virtual Tour https://www.propertypanorama.com/instaview/ntreis/20985443

North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)

Listed by Robin Tomberlin Johnson • Row Real Estate LLC

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LINK'D REALTY

+1(210) 687-3271

4444 Chaha Road #202 Garland, TX 75043

LINK'D REALTY

Key Details

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Interior

Exterior

Building

Schools

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4444 Chaha Road #202