USATXGarlandFaulkner Point 24448 Chaha Rd
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$3,600,000

For Sale

21 hours ago

4448 Chaha Rd, Garland, TX

House

MLS® 21356792

37 Bed

37 Bath

--

30 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size -
Garage 
Taxes 
Days Active 1
Lot Size 13.545 Acres
Approx. Age 1981
MLS® Number 21356792

Property Address: 4448 Chaha Rd, Garland, TX, 75043-4466

Average square foot calculated using Size range provided by listing agent.

Description

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 two years. Many units also feature recently replaced refrigerators. The HOA permits short-term rentals, providing investors with additional flexibility and the potential to generate premium rental income through alternative leasing strategies. Community amenities include gated parking and waterfront access to Lake Ray Hubbard, while the location offers convenient highway access and close proximity to Rockwall Harbor, shopping, dining, and other major retail destinations. School choice is another notable benefit of the location, with access to several highly rated schools and educational programs. With strong existing occupancy, long term tenants, immediate cash flow, recent improvements, rental upside, and flexible leasing options, this portfolio presents a rare opportunity to acquire significant scale within a single lakefront community.
MLS® Number21356792
Laundry Level
Central VacNo
FireplaceYes
Acreage
Exterior
Garage
Approx. Age1981
Basement
DrivewayAdditional Parking, Assigned
Garage Spaces
HeatElectric
A/CCentral Air

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Aug 11, 2026List Date
$3,600,000List Price
  • Commute

Commute

Starting Address
Destination Address
4448 Chaha Rd, Garland, TX

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