4444 Chaha Road #202, Garland, TX 75043
Local realty services provided by:Better Homes and Gardens Real Estate Winans
Listed by:robin tomberlin johnson
Office:row real estate llc.
MLS#:20985443
Source:GDAR
Price summary
- Price:$3,350,000
- Price per sq. ft.:$3,978.62
- Monthly HOA dues:$6,246
About this home
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.
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Home facts
- Year built:1981
- Listing Id #:20985443
- Added:48 day(s) ago
- Updated:August 09, 2025 at 07:12 AM
Rooms and interior
- Bedrooms:2
- Total bathrooms:2
- Full bathrooms:2
- Living area:842 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central
Structure and exterior
- Year built:1981
- Building area:842 sq. ft.
- Lot area:13.54 Acres
Schools
- High school:Choice Of School
- Middle school:Choice Of School
- Elementary school:Choice Of School
Finances and disclosures
- Price:$3,350,000
- Price per sq. ft.:$3,978.62
- Tax amount:$3,925
Information provided, in part, by North Texas Real Estate Information Systems, Inc. Last Updated August 9, 2025 Listings with the NTREIS logo are listed by brokerages other than Better Homes and Gardens Real Estate Winans.New listings near 4444 Chaha Road #202
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