4540 Chaha Road #203 new Save Request In-Person Tour Request Virtual Tour
Garland,TX 75043
Key Details
Property Type Single Family Home
Sub Type Multiple Single Units
Listing Status Active
Purchase Type For Sale
Subdivision Faulkner Point 01-Faulkner Point
MLS Listing ID 20923413
Bedrooms 2
Full Baths 2
HOA Fees $6,246/mo
HOA Y/N Mandatory
Total Fin. Sqft 842
Year Built 1981
Annual Tax Amount $3,925
Lot Size 13.545 Acres
Acres 13.545
Property Sub-Type Multiple Single Units
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 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.
Location
State TX
County Dallas
Direction use navigation
Interior
Interior Features Decorative Lighting
Heating Central
Cooling Central Air
Flooring Combination
Appliance Dishwasher,Disposal
Heat Source Central
Exterior
Utilities Available City Sewer
Roof Type Asphalt
Garage No
Private Pool 1
Building
Story One
Foundation Slab
Level or Stories One
Structure Type Brick
Schools
Elementary Schools Choice Of School
Middle Schools Choice Of School
High Schools Choice Of School
School District Garland Isd
Others
Ownership ask
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/20923413