Diana S. Velasco
Highland Commercial & Residential Brokerage
mobile: (817) 929-4873
 www.highlanddfw.­com
5612 Highland Ave Ste 300
 Fort Worth, TX 76117, United States
$3,440,000
4540 Chaha Road, Garland, Texas 75043, USA
MLS#
20923413
Property type
Residential For Sale, Multi-Family, Multi Family
Land size
13.55 sqft (1.26 m2)
Building Size
842 sqft (78.2 m2)
Status
Bedrooms
2
Baths
2
Sale price per sqm
0 $
Virtual Tour
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
1981 Year Built:
Building or Complex name: Faulkner Point Location:
Brick Construction:
Resale Condition:
Pool Recreational Features:
Dishwasher, Disposal Appliances:
City sewer Utilities:
Central Heating System:
Central Cooling System:
On Slab Basement and Foundation:
Asphalt Roofing:
Parking / Garage
60 Number of parking spaces:
School Information
Garland ISD School District:
Choice Of School Elementary School:
Choice Of School High School:
Choice Of School Middle School:

Listing by: Row Real Estate LLC
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