# 4448 Chaha Road, Garland, TX 75043 > **TL;DR:** 37bd/37ba residential multi family, $3,600,000, built 1981. > Fireplace, Waterfront, A/C. Est. $25,500/mo. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $3,600,000 | | Bedrooms | 37 | | Bathrooms | 37 full | | Year Built | 1981 | | Lot Size | 590,020 sqft (13.54 acres) | | Stories | 2 | | Property Type | Residential Multi Family (Other) | | Status | Active | | Days on Market | 0 | ## Why This Home Stands Out - **Waterfront** - Waterfront location listed ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $18,204 | | Estimated Insurance | $1,050 | | HOA | $6,246 | | **Total** | **$25,500** | ## Nearby Schools - **Elementary:** Choice Of School - **Middle:** Choice Of School - **High:** Choice Of School ## Key Amenities - Fireplace - Waterfront - A/C ## Property Highlights - Built in 1981 - 13.54 acre lot - 2 stories - 30 parking spaces - Fireplace - Waterfront ## Description ### Agent 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 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. ## Location - **Address:** 4448 Chaha Road, Garland, TX 75043 - **County:** Dallas - **Neighborhood:** FAULKNER POINT 2 - **Coordinates:** 32.862327, -96.539855 - **Google Maps:** https://www.google.com/maps?q=32.862327,-96.539855 ## Virtual Tour & Media - **Video Tour:** https://www.propertypanorama.com/instaview/ntreis/21356792 ## Listing Agent - **Name:** Cooper Johnson - **Brokerage:** Chase Woodall - **Phone:** (214) 763-1830 - **Broker Phone:** (214) 763-1830 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/4448-Chaha-Rd-Apt-205_Garland_TX_75043_M74720-69586?f=listhub&s=NTREIS&m=21356792&c=propsimple) ## Photos ![4448 Chaha Road - Photo 1](http://lh.rdcpix.com/d5695c16afe08d422c5feacb2f7b0536l-f3979554740r.jpg) ![4448 Chaha Road - Photo 2](http://lh.rdcpix.com/d5695c16afe08d422c5feacb2f7b0536l-f3714480398r.jpg) ![4448 Chaha Road - Photo 3](http://lh.rdcpix.com/d5695c16afe08d422c5feacb2f7b0536l-f585478984r.jpg) ![4448 Chaha Road - Photo 4](http://lh.rdcpix.com/d5695c16afe08d422c5feacb2f7b0536l-f3823324898r.jpg) ![4448 Chaha Road - Photo 5](http://lh.rdcpix.com/d5695c16afe08d422c5feacb2f7b0536l-f3067705734r.jpg) ![4448 Chaha Road - Photo 6](http://lh.rdcpix.com/d5695c16afe08d422c5feacb2f7b0536l-f3694388320r.jpg) ![4448 Chaha Road - Photo 7](http://lh.rdcpix.com/d5695c16afe08d422c5feacb2f7b0536l-f713710743r.jpg) ![4448 Chaha Road - Photo 8](http://lh.rdcpix.com/d5695c16afe08d422c5feacb2f7b0536l-f563375732r.jpg) ![4448 Chaha Road - Photo 9](http://lh.rdcpix.com/d5695c16afe08d422c5feacb2f7b0536l-f1955881474r.jpg) ![4448 Chaha Road - Photo 10](http://lh.rdcpix.com/d5695c16afe08d422c5feacb2f7b0536l-f3169884023r.jpg) ![4448 Chaha Road - Photo 11](http://lh.rdcpix.com/d5695c16afe08d422c5feacb2f7b0536l-f3726623157r.jpg) ![4448 Chaha Road - Photo 12](http://lh.rdcpix.com/d5695c16afe08d422c5feacb2f7b0536l-f1971226404r.jpg) ![4448 Chaha Road - Photo 13](http://lh.rdcpix.com/d5695c16afe08d422c5feacb2f7b0536l-f2110474562r.jpg) ![4448 Chaha Road - Photo 14](http://lh.rdcpix.com/d5695c16afe08d422c5feacb2f7b0536l-f1519572699r.jpg) ![4448 Chaha Road - Photo 15](http://lh.rdcpix.com/d5695c16afe08d422c5feacb2f7b0536l-f629528491r.jpg) ![4448 Chaha Road - Photo 16](http://lh.rdcpix.com/d5695c16afe08d422c5feacb2f7b0536l-f1732876348r.jpg) ![4448 Chaha Road - Photo 17](http://lh.rdcpix.com/d5695c16afe08d422c5feacb2f7b0536l-f1487449898r.jpg) ![4448 Chaha Road - Photo 18](http://lh.rdcpix.com/d5695c16afe08d422c5feacb2f7b0536l-f4220506482r.jpg) --- **MLS#:** 21356792 | **Updated:** 2026-09-03 **Source:** listhub *Copyright © 2026 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.* [View on PropertySimple](https://www.propertysimple.ai/listing/4448-chaha-road-garland-tx-75043-21356792) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/4448-chaha-road-garland-tx-75043-21356792#listing", "url": "https://www.propertysimple.ai/listing/4448-chaha-road-garland-tx-75043-21356792", "name": "4448 Chaha Road, Garland, TX 75043", "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 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. 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