4448 Chaha Road

New
New
Waterfront community featuring contemporary townhome-style residences with modern architectural design, organized street layout with dedicated parking, mature landscaping throughout the neighborhood, and direct beach access with pristine sandy shoreline and expansive bay views
Additional content
Additional content
Rectangular swimming pool with surrounding concrete decking, secured by a wrought iron fence
Dual outdoor swimming pools with surrounding stone accents and concrete decking
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Wood-finish flooring throughout, ceiling fans, and a fireplace with a stone hearth and mantel
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Open concept living space featuring wood-finish flooring, white cabinetry, and stainless steel appliances
Galley kitchen with wood-finish flooring, white cabinetry, integrated double basin sink, and a black and stainless steel refrigerator
Wood-finish flooring, ceiling fan with integrated lighting, fireplace with stone surround and mantel, sliding glass door, and large window with blinds
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Bathroom featuring a white vanity with a stone-finish countertop, an integrated sink with a chrome faucet, and a wall-mounted mirror
Utility area with wood-finish flooring and integrated shelving
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Additional content
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$3,600,000
37 beds
4448 Chaha Rd, Garland, TX 75043
Est: $24,544/moGet pre-approved

Description

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...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 income through alternative leasing strategies. Community amenities include gated parking and waterfront access to Lake Ray Hubbard, while the location offers convenient highway access and close proximity to Rockwall Harbor, shopping, dining, and other major retail destinations. School choice is another notable benefit of the location, with access to several highly rated schools and educational programs. With strong existing occupancy, long term tenants, immediate cash flow, recent improvements, rental upside, and flexible leasing options, this portfolio presents a rare opportunity to acquire significant scale within a single lakefront community.
LISTING UPDATED: 08/11/2026 07:10 PM

  1. Listed by Cooper Johnson • TREC #0803700 • Woodall and Co. Realty, LLC • 214-738-0070

Property Details for 4448 Chaha Road

Status
Active
MLS #
21356792
Days on Market
1
Taxes
-
HOA Fees
$6,246 / month
Condo/Co-op Fees
-
Property Type
Multi Family
MLS Type
Multi-Family / Multiple Single Units
Year Built
1981
Lot Size
13.54 AC / 590,020 SF
County
Dallas County
Subdivision Name
FAULKNER POINT 2
HOA Management Company
Breanne Baldermann, Ceo Lavalle & Co
Pool
Yes
Number Of Parking Spaces
30

Location

Listing Courtesy of Woodall and Co. Realty, LLC, Cooper Johnson
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Building Information for 4448 Chaha Road

Stories2Residences22Year Built1981Building Size-Lot Size13.54 AC / 590,020 SF

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$24,544 per month

30 year fixed, 6.55% Interest

Principal and Interest

$18,298

Property Taxes

$0

HOA Dues

$6,246

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Property Information for 4448 Chaha Road

Summary
Location and General Information
  • Complex Name: Faulkner Point
  • Directions: GPS!
  • Elementary School: Choice Of School
  • Elementary School Name: Choice Of School
  • High School: Choice Of School
  • High School Name: Choice Of School
  • Middle School: Choice Of School
  • Year Built Details: Preowned
  • School District: Garland ISD
  • Geocode Confidence: High
  • Latitude: 32.86
  • Longitude: -96.54
  • State: Texas
Parking
  • Parking Features: Additional Parking, Assigned
Taxes and HOA Information
  • Association Fee Includes: Front Yard Maintenance, Insurance, Maintenance Grounds, Maintenance Structure, Management Fees, Pest Control, Security, Sewer, Trash, Water
  • Association Type: Mandatory
  • HOA Management Company Phone: 945-262-6117
  • Association Fee: $6,246.00
  • Association Fee Frequency: Monthly
Virtual Tour
Interior and Exterior Features
Interior Features
  • Fireplace Features: None
  • Fireplaces Total: 1
  • Flooring: Vinyl
  • Heating: Electric
  • Interior Features: Built-in Features
  • Appliances: Dishwasher, Disposal, Electric Cooktop, Gas Cooktop, Microwave, Refrigerator
  • Cooling: Central Air
  • Smart Home Features Appor Pass Y: No
Exterior Features
  • Building Area Source: Other
  • Construction Materials: See Remarks
  • Foundation Details: Slab
  • Number Of Stories: 2
  • Roof: Shingle
  • Waterfront Features: Lake Front
  • Waterfront: Yes
  • Number Of Units Total: 22
  • Levels: Two
Property
Utilities
  • Utilities: City Sewer, City Water
Property and Assessments
  • Financing Proposed: 1031 Exchange, Assumable, Cash, Contact Agent, Conventional
  • Handicap: No
  • Loan Type: Treat As Clear
  • Property Match: APN
Lot Information
  • Lot Size Acres: 13.545
  • Lot Size Area: 590020.0
  • Lot Size Units: Square Feet
  • Lot Size Square Feet: 590020.0
  • Multi Parcel ID: No
  • Parcel Number: 261784800R2050000
Multi Family
Multi-Family Information
  • Number Of Buildings: 5
  • Capitalization Rate: 6.39%
  • Gross Annual Expenses: $138,960
  • Gross Annual Income: $384,000
  • Insurance Expense: $15,000
  • Total Annual Expenses Include: Insurance, Maintenance Grounds, Maintenance Structure, Manager, Parking, Pest Control, Pool/Spa, Professional Management, Trash, Water/Sewer
  • Net Operation Income: $230,040.00
Unit 1
  • Approximate SQFT: 958.0
  • Average Lease Amount: $1,600.00
  • Living Area Length: 20.0
  • Living Area Width: 19.0
  • Unit Type Type: 2 Bedroom
  • Unit Type Units Total: 15
Unit 2
  • Approximate SQFT: 670.0
  • Average Lease Amount: $1,200.00
  • Living Area Length: 18.0
  • Living Area Width: 16.0
  • Unit Type Type: 1 Bedroom
  • Unit Type Units Total: 7

Property History for 4448 Chaha Road

DateEvent & SourcePriceAppreciation
Aug 11, 2026

Listed (Active)

NTREIS #21356792

$3,600,000—
DateEvent & SourcePrice
08/11/2026

Listed (Active)

NTREIS #21356792

$3,600,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 4448 Chaha Road

This home is within Garland Independent School District.
Rating
School
Type
Grades
Distance
Glen Couch Elementary School
Public - 3 to 5
Coyle Technology Center for Math & Science
Public - 6 to 8
Lakeview Centennial High School
Public - 9 to 12
Couch Collegiate Prep Elementary School
Public - PK to 5
Rating
School
Distance
Glen Couch Elementary School
Public3 to 5

Coyle Technology Center for Math & Science
Public6 to 8

Lakeview Centennial High School
Public9 to 12

Couch Collegiate Prep Elementary School
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 4448 Chaha Road, Garland, TX 75043

4448 Chaha Road is a multi-family home for sale in Garland, TX 75043. This property was listed for sale on August 11, 2026 by Woodall and Co. Realty, LLC, it's currently listed at $3,600,000. This listing's school district is Garland Independent School District. Nearby schools include Glen Couch Elementary School, Coyle Technology Center for Math & Science and Lakeview Centennial High School. 4448 Chaha Road is a 37-bed, 37-bath, multi-family home built in 1981.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Woodall and Co. Realty, LLC, Cooper Johnson

The information being provided by North Texas Real Estate Information Systems (NTREIS) and Greater Tyler Association of REALTORS is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. This website may reference real estate listing(s) held by a brokerage firm other than Compass and its related brokerages. Any information relating to real estate for sale in Dallas, Texas comes from NTREIS. Listings marked with an icon are provided courtesy of the NTREIS Internet Data Exchange database. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be verified through personal inspection by and/or with appropriate professionals.The data contained herein is copyrighted by NTREIS and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 North Texas Real Estate Information Systems. All rights reserved. Date last updated: 08/11/2026 07:10 PM