4540 Chaha Road Unit 203
Garland, TX 75043
- 2 beds
- 2 baths
- 842 sqft
- ~14 acre lot
- $4,085 per sqft
- 1981 build
- – on site
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.
Last checked:
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Last updated May 2, 2025
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MLS# 20923413 —
The Building
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Year Built:1981
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Year Built Details:Preowned
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Accessibility Features:No
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Roof:Asphalt
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Foundation Details:Slab
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Levels:One
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Construction Materials:Brick
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Building Area Total:842.00
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Building Area Source:Appraiser
Interior
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Interior Features:Decorative Lighting
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Flooring:Combination
Location
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Directions:use navigation
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Latitude:32.86218100
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Longitude:-96.54009200
The Property
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Property Type:Residential Income
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Property Subtype:Multiple Single Units
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Parcel Number:26178560000017300
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Lot Size SqFt:590020.2000
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Lot Size Acres:13.5450
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Lot Size Area:13.5450
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Lot Size Units:Acres
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Exclusions:tenants possessions
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Unit Number:203
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# of Buildings:6
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Will Subdivide:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Lot:1
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Tax Legal Description:FAULKNER POINT 1/FAULKNER POINT LT 1 BLDG F U
Beds
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Bedrooms Total:2
Baths
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Total Baths:2.00
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Total Baths:2
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Full Baths:2
The Listing
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Virtual Tour URL Unbranded:https://www.propertypanorama.com/instaview/ntreis/20923413
Heating & Cooling
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Heating:Central
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Cooling:Central Air
Utilities
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Utilities:City Sewer
Appliances
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Appliances:Dishwasher, Disposal
Schools
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School District:Garland ISD
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Elementary School:Choice Of School
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Elementary School Name:Choice Of School
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Middle School Name:Choice Of School
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High School Name:Choice Of School
The Community
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Subdivision Name:Faulkner Point 01-Faulkner Point
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Pool:Yes
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Association Type:Mandatory
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Association Fee:6246
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Association Fee Includes:Back Yard Maintenance, Front Yard Maintenance, Full Use of Facilities, Insurance, Maintenance Grounds, Maintenance Structure, Management Fees, Pest Control, Sewer, Trash, Water
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Association Fee Frequency:Monthly
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Complex Name:Faulkner Point
Parking
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# of Parking Spaces:60
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Parking Features:Additional Parking
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
