4448 Chaha Road
Garland, Texas 75043
37
Bed
37
Bath
13.55Acres(Lot)
Rare investment opportunity to acquire a 22-unit portfolio in a lakefront community on Lake Ray Hubbard, offering substantial ownership within the HOA. The portfolio consists of 15 two-bedroom units and 7 one-bedroom units, with 20 units currently leased on 12-month terms, one unit leased month-to-month, and just one vacancy. Current monthly rental income totals approximately $30,170.75, providing strong in-place cash flow with additional upside through filling the vacant unit and future rent increases across several leases. The portfolio has also benefited from significant recent capital improvements. Most water heaters are approximately 1–2 years old, 7 units have HVAC systems approximately 1–2 years old, and roughly 80% of the units have received waterproof flooring within the past t
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total Bedrooms: 37Bathroom Information
Total Baths: 37 Full Baths: 37 -
Interior Features
Built-in FeaturesAppliances
Dishwasher,Disposal,Electric Cooktop,Gas Cooktop,Microwave,RefrigeratorUtilities
City Sewer,City Water -
Cooling Features
Central AirHeating Source
ElectricFireplace
Number of Fireplaces: 1 Fireplace Features: None
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Building Information
Built Year: 1981 Building Area Total: 1 Construction: See Remarks Roof Type: Shingle -
Foundation
Slab -
Construction Materials
See Remarks
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Lot Information
Lot Size (Acr): 13.5450 Lot Size Units: Square Feet Lot Size Square Feet: 590,020 -
Property Information
Property Type: Residential Income Property Sub Type: Multiple Single Units Subdivision: FAULKNER POINT 2 City: Garland State: Texas Directions: GPS! Property Status: Active Levels: Two Property Age: 45 Year Built Details: Preowned
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Listing Price Information
Original List Price: $3,600,000 -
Listing Information
Possession: Closing/Funding
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Tax Information
Parcel Number: 261784800R2050000
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Parking Information
Parking: 30 Parking Features: Additional Parking,Assigned -
Homeowners Association Information
Included Fees: Front Yard Maintenance,Insurance,Maintenance Grounds,Maintenance Structure,Management Fees,Pest Control,Security,Sewer,Trash,Water HOA Type: Mandatory HOA: $6,246.00 HOA Frequency: Monthly
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School Information
Elementary School: Choice Of School Middle School: Choice Of School High School: Choice Of School School District: Garland ISD -
Utility Information
Utilities: City Sewer,City Water
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 5009 Presidio Drive, Garland, TX, 75043 | $340,000 | 4 | 3 | 1,965 | 0.16 Acre |
| 5222 Lake Terrace Court, Garland, TX, 75043 | $699,999 | 4 | 3 | 3,870 | 0.12 Acre |
| 5505 Longcrest Drive, Garland, TX, 75043 | $449,900 | 4 | 3 | 2,212 | 0.15 Acre |
| 5120 Shoregate Square, Garland, TX, 75043 | $185,000 | 3 | 2 | 1,334 | 0.09 Acre |
| 5106 Lakeridge Court, Garland, TX, 75043 | $244,999 | 2 | 2 | 1,180 | 0.11 Acre |
| 8429 Everly Drive, Garland, TX, 75043 | $427,585 | 4 | 2 | 1,935 | 0.16 Acre |
| 5425 Deep Canyon Drive, Garland, TX, 75043 | $320,000 | 3 | 3 | 1,575 | 0.31 Acre |
| 5309 Deep Canyon Drive, Garland, TX, 75043 | $347,900 | 3 | 2 | 1,996 | 0.22 Acre |
| 5405 Blue Cove Drive, Garland, TX, 75043 | $329,900 | 3 | 3 | 1,738 | 0.23 Acre |
| 5002 Crawfish Lane, Garland, TX, 75043 | $450,000 | 4 | 4 | 3,024 | 0.23 Acre |
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ByOwner last updated this listing 10/01/2026 @ 02:48
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