Garland, TX 75043 4540 Chaha Road # 203
$3,440,000
3 more
Presented By: Robin Tomberlin Johnson with Row Real Estate LLC;
Beds • 2
Baths • 2
SQFT • 842
Home Details
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 airbnbs as well, just remind your guests to bring their fishing poles and Kayaks to enjoy right off the banks of the complex! Short term rentals are allowed by the HOA. Well managed HOA and high occupancy rates make this an appealing 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 5.5 cap rate inclusive of all expenses including management. Owner may be willing to finance with a 25% down payment. No showings until substantial agreement on price and terms. Tenants pay electric. All other utilities and exterior maintenance are covered by the HOA dues. 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.
Presented By: Robin Tomberlin Johnson with Row Real Estate LLC;
Interior Features for 4540 Chaha Road # 203
Bedrooms
Total Bedrooms2
Bathrooms
Half Baths0
Total Baths2
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace Y/NNo
FlooringCombination
Heating Y/NYes
Interior AmenitiesDecorativeDesignerLightingFixtures
General for 4540 Chaha Road # 203
Additional Parcels Y/NNo
AppliancesDishwasher, Disposal
Assoc Fee Paid PerMonthly
Association AmenitiesMaintenanceFrontYard
Association Fee IncludesAllFacilities, AssociationManagement, Insurance, MaintenanceGrounds, MaintenanceStructure, PestControl, Sewer, Trash, Water
Association Namebott group
Attached Garage No
Cap Rate5.51
Carport Y/NNo
CityGarland
Construction MaterialsBrick
CoolingCentralAir
CountyDallas
Directionsuse navigation
Electric On Property Y/NNo
Elementary SchoolChoice Of School
Elementary School DistrictGarland ISD
Exclusionstenants possessions
Full Baths2
Garage Y/NNo
Gross Income372180.0
HOAYes
HOA Fee$6246.0
HeatingCentral
High SchoolChoice Of School
High School DistrictGarland ISD
Home Warranty Y/NNo
Insurance Expense0.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Legal DescriptionFAULKNER POINT 1/FAULKNER POINT LT 1 BLDG F U
LevelsOne
Lot Size Square Feet590020.2
Lot Size UnitsAcres
Middle/Junior High SchoolChoice Of School
Middle/Junior School DistrictGarland ISD
MobileHomeRemainsYNNo
ModificationTimestamp2025-05-02T22:10:59.400-00:00
Net Operating Income189410.0
New ConstructionNo
Number Of Units Total22
Pool FeaturesPool
PossessionCloseOfEscrow
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
RoofAsphalt
Senior Community Y/NNo
SewerPublicSewer
Standard StatusActive
StatusActive
Stories1
Subdivision NameFaulkner Point 01-Faulkner Point
Tax Annual Amount3925.0
Tax Lot1
Unit Number203
UtilitiesSewerAvailable
Virtual TourClick here
Waterfront Y/NNo
Year Built1981
Year Built DetailsPreowned
Exterior for 4540 Chaha Road # 203
Building Area Total842.0
Crops Included Y/NNo
Foundation DetailsSlab
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres13.545
Lot Size Area13.545
Number of Buildings6
Open Parking Y/NNo
Parking FeaturesAdditionalParking
SpaNo
Total Parking60.0
Additional Details
Price History
Schools
High School
Choice of School High School
Middle School
Choice of School Middle School
Elementary School
Choice of School Elementary School
