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4448 Chaha Road, Garland, TX 75043

Garland
Local realty services provided by:CENTURY 21 Alliance Properties
4448 Chaha Road,Garland, TX 75043
$3,600,000
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  • 37 Beds
  • 37 Baths
  • 1 sq. ft.
  • Multi-family
  • Active
Listed by: cooper johnson
Office: woodall and co. realty, llc.
MLS#:21356792
Source:GDAR

Price summary

  • Price:$3,600,000
  • Price per sq. ft.:$3,600,000
  • Monthly HOA dues:$6,246

About this home

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...

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Home facts

  • Year built:1981
  • Subdivision & Development:FAULKNER POINT 2
  • Listing ID #:21356792
  • Added:73 day(s) ago
  • Updated:October 24, 2026 at 12:10 PM

Rooms and interior

  • Bedrooms:37
  • Total bathrooms:37
  • Full bathrooms:37
  • Flooring:Vinyl
  • Kitchen Description:Dishwasher, Disposal, Electric Cooktop, Gas Cooktop, Microwave, Refrigerator
  • Living area:1 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Electric
  • Central air:Yes

Structure and exterior

  • Year built:1981
  • Building area:1 sq. ft.
  • Lot area:13.54 Acres
  • Foundation Description:Slab
  • Levels:2 Story

Schools

  • High school:Choice Of School
  • Middle school:Choice Of School
  • Elementary school:Choice Of School

Finances and disclosures

  • Price:$3,600,000
  • Price per sq. ft.:$3,600,000

Features and amenities

  • Appliances:Dishwasher, Disposal, Electric Cooktop, Gas Cooktop, Microwave, Refrigerator

Parking

  • Total parking spaces:30
MLS LogoInformation provided, in part, by North Texas Real Estate Information Systems, Inc. Last Updated October 24, 2026 Listings with the NTREIS logo are listed by brokerages other than CENTURY 21 Alliance Properties. GDAR Member Broker: Roger Del Brandt II

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