4540 Chaha Rd Unit 203F Garland, TX 75043
Faulkner Point NeighborhoodEstimated payment $25,634/month
Highlights
- 13.55 Acre Lot
- 1-Story Property
- Central Heating and Cooling System
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 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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,697
Year Built
- Built in 1981
HOA Fees
- $6,246 Monthly HOA Fees
Parking
- Additional Parking
Home Design
- Brick Exterior Construction
- Slab Foundation
- Asphalt Roof
Kitchen
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Full Bathrooms
Schools
- Choice Of Elementary School
- Choice Of High School
Additional Features
- 1-Story Property
- 13.55 Acre Lot
- Central Heating and Cooling System
Community Details
- Association fees include all facilities, management, insurance, ground maintenance, maintenance structure, pest control, sewer, trash, water
- 6 Buildings
- 22 Units
- 842 Sq Ft Building
- Faulkner Point 01 Faulkner Point Subdivision
Listing and Financial Details
- Tax Lot 1
- Assessor Parcel Number 26178560000017300
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2023 | $2,697 | $117,880 | $18,310 | $99,570 |
| 2022 | $2,910 | $117,880 | $0 | $0 |
| 2021 | $2,735 | $104,000 | $18,310 | $85,690 |
| 2020 | $2,772 | $105,250 | $0 | $0 |
| 2019 | $2,316 | $82,110 | $18,310 | $63,800 |
| 2018 | $1,758 | $62,310 | $6,870 | $55,440 |
| 2017 | $1,543 | $54,730 | $6,870 | $47,860 |
| 2016 | $1,424 | $50,520 | $6,870 | $43,650 |
| 2015 | $993 | $39,570 | $6,870 | $32,700 |
| 2014 | $993 | $37,890 | $6,870 | $31,020 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/02/2025 05/02/25 | Price Changed | $3,440,000 | -99.0% | $4,086 / Sq Ft |
| 05/02/2025 05/02/25 | For Sale | $344,000,000 | -- | $408,551 / Sq Ft |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | None Available | |
| Special Warranty Deed | -- | None Available |
Source: North Texas Real Estate Information Systems (NTREIS)
MLS Number: 20923413
APN: 26178560000017300
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