TX > Garland > Faulkner Point 01-Faulkner Point
Garland, TX 75043,4540 Chaha Road #203
Garland, TX 75043,4540 Chaha Road #203
Garland, TX 75043,4540 Chaha Road #203
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$3,440,000
Est. payment /mo
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2 Beds
2 Baths
13.54 Acres Lot
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4540 Chaha Road #203 Garland, TX 75043

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Gail Sights

Gail Sights

+1(817) 443-1047

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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

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Gail Sights

Agent | License ID: 0790660

+1(817) 443-1047

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4540 Chaha Road #203