$4,250,000

4492 Chaha Rd Unit 102W Garland, TX 75043

Faulkner Point Neighborhood

Estimated payment $30,991/month

Total Views 824
-- Bed
-- Bath
943 Sq Ft
$4,507 Price per Sq Ft

Highlights

  • Lake Front
  • 13.55 Acre Lot
  • Covered patio or porch
  • In Ground Pool
  • Granite Countertops
  • Balcony

About This Home

The BEST opportunity to own a group of condos right on Lake Ray Hubbard. Included in this package 25 individual units. 22 of the 25 units are lakefront making them the most desirable units in the entire complex. The location is ideal and just seconds away from I30, George Bush HWY, Bass Pro Shop, Restaurants and more! All units have either tile flooring through out or luxury vinyl plank flooring. All carpet has been removed from every unit. There are 17 units that are 2 bedroom, 2 full bath and 8 units are 1 bedroom, 1 full bath. Short term rentals are allowed by the HOA so Airbnb is allowed. All units are currently leased out providing immediate cash flow. All units have a wood burning fireplace, full size washer dryer connections, appliances, covered patio and outdoor storage closet. Tenants pay electricity, cable and internet. All other utilities and exterior maintenance are covered by the HOA dues. A MUST SEE!

Listing Agent

Matthew Johns

Keller Williams Rockwall Brokerage Phone: 972-772-7000 License #0616310 Listed on: 07/08/2025

Keller Williams Rockwall

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,181

Year Built

  • Built in 1981

Lot Details

  • 13.55 Acre Lot
  • Lake Front

HOA Fees

  • $7,170 Monthly HOA Fees

Parking

  • Open Parking

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 2-Story Property
  • Wood Burning Fireplace
  • Fire and Smoke Detector

Kitchen

  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Ceramic Tile
  • Luxury Vinyl Plank Tile

Outdoor Features

  • In Ground Pool
  • Balcony
  • Covered patio or porch

Schools

  • Choice Of Elementary School
  • Choice Of High School

Utilities

  • Cooling Available
  • Heating Available
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 261785500W1020000

Community Details

Overview

  • Association fees include management, ground maintenance, water
  • 5 Buildings
  • 25 Units
  • 943 Sq Ft Building
  • Faulkner Point HOA
  • Faulkner Point 01 Subdivision

Recreation

  • Community Pool

Building Details

  • Gross Income $375,300
  • Net Operating Income $197,411

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,181

Year Built

Built in 1981

Lot Details

0

HOA Fees

$7,170 per month

Listing Details

  • OWNERNAME: Contact Agent
  • Property Type: Residential Income
  • Unit Levels: Two
  • Security: Smoke Detector(s)
  • Year Built Details: Preowned
  • Attribution Contact: 972-772-7000
  • CapRate: 4.64
  • Co List Office Mls Id: KLWR02
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Year Built: 1981

Interior Features

  • Fireplace Features: Wood Burning
  • Interior Amenities: Granite Counters, High Speed Internet, Cable TV
  • Flooring: Ceramic Tile, Luxury Vinyl Plank
  • Appliances: Dishwasher, Disposal
  • Fireplaces: 1

Exterior Features

  • Foundation: Slab
  • Community Features: Pool
  • Roof: Composition
  • Construction Materials: Brick
  • Exterior Features: Balcony
  • Pool Features: In Ground, Pool, Community
  • Waterfront: Yes
  • Patio And Porch Features: Balcony, Covered

Garage/Parking

  • Cooling System: Electric
  • Parking Features: Open
  • OpenParkingYN: Yes

Utilities

  • Sewer: Public Sewer
  • Heating: Electric
  • Utilities: Sewer Available, Water Available, Cable Available
  • Heating Yn: Yes

Condo/Co-op/Association

  • HOA Fee Includes: Association Management, Maintenance Grounds, Water
  • Association Fee: 7170.0
  • Association Fee Frequency: Monthly
  • Association Name: Faulkner Point HOA

Schools

  • Elementary School: Choice Of School
  • High School: Choice Of School
  • Junior High Dist: Garland ISD

Lot Info

  • Lot Size Units: Acres
  • Lot Size Area: 13.545
  • Parcel Number: 261785500W1020000
  • Lot Size Acres: 13.545
  • Lot Size Sq Ft: 590020.2

Building Info

  • Year Built: 1981
  • Units Total: 25

Tax Info

  • Tax Annual Amount: 4181.0

Multi Family

  • WaterfrontFeatures: Lake Front
  • Annual Gross Income: 375300.0
  • Property Net Operating Income: 197411.0

MLS Schools

  • MiddleOrJuniorSchool: Choice Of School

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,181 $183,890 $25,670 $158,220
2023 $4,100 $179,170 $20,530 $158,640
2022 $4,406 $179,170 $20,530 $158,640
2021 $2,604 $99,020 $20,530 $78,490
2020 $2,640 $99,020 $20,530 $78,490
2019 $2,660 $94,300 $20,530 $73,770
2018 $1,969 $69,780 $7,700 $62,080
2017 $1,728 $61,300 $7,700 $53,600
2016 $1,595 $56,580 $7,700 $48,880
2015 $1,113 $44,320 $7,700 $36,620
2014 $1,113 $42,440 $7,700 $34,740
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/08/2025 07/08/25 For Sale $4,250,000 0.0% $4,507 / Sq Ft
01/22/2020 01/22/20 Rented $1,200 0.0% --
01/14/2020 01/14/20 For Rent $1,200 -- --
Source: North Texas Real Estate Information Systems (NTREIS)

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 20988754

North Texas Real Estate Information Systems (NTREIS)

APN: 261785500W1020000

Texas Dallas County Garland 75043 Faulkner Point

4492 Chaha Rd Unit 102W, Garland, TX

This home is located at 4492 Chaha Rd Unit 102W, Garland, TX 75043 and is currently priced at $4,250,000, approximately $4,506 per square foot. This property was built in 1981. 4492 Chaha Rd Unit 102W is a home located in Dallas County with nearby schools including Education Center International Academy Rowlett and Wesleyan Christian Academy.

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North Texas Real Estate Information Systems (NTREIS) Listing information provided in part by the North Texas Real Estate Information Systems, Inc, for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. All information is deemed reliable but not guaranteed. Copyright © NTREIS 2025. All rights reserved

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Matthew Johns
Listing Agent
Matthew Johns
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Keller Williams Rockwall
(469) 689-7322