1. Texas
  2. Garland
  3. 4444 Chaha Road 202
$3,350,000

4444 Chaha Road 202, Garland, TX 75043

  • 2 beds |
  • 2 baths |
  • 842 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1981
  • Property Lot Size Icon13.55acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $3,979/sqft
  • Property List Date Icon Listed 29 days ago

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.

Listing Status:
Pending
Listing Office:
Row Real Estate LLC : 214-629-5723
Listing Agent:
Robin Tomberlin Johnson :
MLS ID:
20985443

This listing courtesy of Robin Tomberlin Johnson, Row Real Estate LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

C

Couch Elementary School

4349 Waterhouse Blvd, Garland, TX, 75043

Grades 2-5

1.62 miles away

L

Lyles Middle School

4655 S Country Club Rd, Garland, TX, 75043

Grades 7-8

2.92 miles away

L

Lakeview Centennial High School

3505 Hayman Dr, Garland, TX, 75043

Grades 9-12

2.15 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.