1. Home
  2. Texas
  3. Lake Ray Hubbard

Great opportunity to own an amazing group of condos on the banks $3,440,000

4540 Chaha Road 203, Garland, TX 75043

2 br, 2.0 ba, 1981 0 sf
Dallas County
Ad #: 6176353

Lake Home For Sale

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 s 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

  • Beds: 2
  • Baths: 2.0
  • Year Built: 1981
  • Location: Lake Ray Hubbard
  • Acres: 13.545
  • County: Dallas County
  • Community: Faulkner Point 1-Faulkner Point
  • Heat/AC: Central
  • Siding: Brick
  • Roof: Asphalt
  • Stories: 1
  • MLS #: 20923413
  • Yearly HOA Fee: $74,952
  • Unit Number: 203

Location

Click on map to activate
(Open in Google Maps)   (Bing Map)  (Mapquest Map)

Contact Information:

Contact Agent
Listing Agent: Robin Tomberlin Johnson, Row Real Estate LLC, 214-629-5723, 214-629-5723 Listing Site, Listing Status: Active
Copyright © 2025 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Ad Statistics:

Lake Home For Sale in Garland, Texas
Ad Number : 6176353
Viewed: 39 times
Added: May 14, 2025
Updated on: May 15, 2025
All information provided is deemed reliable but is not guaranteed and should be independently verified.