Date
Details
Price
Change
Source
8/11/2026
Listed
$3,600,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/18
$3,600,000 Just Listed
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1/18
Property 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.
Full Property Details
Full Property Details for 4448 Chaha Rd
General
- Price: $3,600,000
- HOA FEE: $6,246/month
- Status: Active
- Type: Multi-Family
- Source: NTREIS
- MLS ID: 21356792
- Updated: 8/11/2026
- Added to Site: Today
Interior
- Interior Features: Built-in Features
- Number of Fireplaces: 1
- Fireplace(s): None
- Appliances: Dishwasher, Electric Cooktop, Gas Cooktop, Disposal, Microwave, Refrigerator
- Flooring: Vinyl
Rooms
Bathrooms
- Total Bathrooms: 37
- Full Bathrooms: 37
Bedrooms
- Total Bedrooms: 37
Additional Information
- Shared Amenities: Maintenance Front Yard
- Pool: Yes
- Pool Description: Pool
Parking
- Total Spaces: 30
- Parking Features: Additional Parking, Assigned
Location
- County: Dallas
- Subdivision: FAULKNER POINT 2
- Driving Directions: GPS!
School Information
- Elem School District: Garland ISD
- Midd School District: Garland ISD
- High School District: Garland ISD
- Elementary School: Choice Of School
- Middle School: Choice Of School
- High School: Choice Of School
Community
- Association: Yes
- Assoc. Name: Breanne Baldermann, Ceo Lavalle & Co
- Assoc. Fees Include: Association Management, Insurance, Maintenance Grounds, Maintenance Structure, Pest Control, Sewer, Security, Trash, Water
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Sewer Available, Water Available
Structural Information
- # Buildings: 5
- Detached/Attached: Detached
- Construction: See Remarks
- Roof: Shingle
- Stories/Levels: 2
- Square Feet: 1
- Sq. Ft. Source: Other
- Year Built: 1981
Lot Features
- Lot Size (Acres): 13.545
- Lot Size (Sq. Ft.): 590,020
Water Features
- Water Front: Yes
- Water Front Desc.: Lake Front
- Lake Front: Yes
Financial Considerations
- Association Fee: $6,246
- Assoc Fee Freq.: Monthly
- Terms: Assumable, Cash, Conventional, 1031 Exchange, See Agent
Disclosures and Reports
- Property ID: 261784800R2050000
Listed by Woodall and Co. Realty, LLC, Cooper Johnson
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Listing agent
— 4448 Chaha Rd —
Cooper Johnson
Woodall and Co. Realty, LLC
214-738-0070
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 4448 Chaha Rd
School District:Garland Independent School District
| Name | Grades | Distance |
|---|---|---|
Glen Couch Elementary School 4349 Waterhouse Boulevard, Garland, TX 75043 | 2-5 | 1.6 mi |
Couch Collegiate Prep Elementary School 4349 Waterhouse Boulevard, Garland, TX 75043 | PK-1 | 1.6 mi |
Herfurth Elementary School 7500 Miller Road, Rowlett, TX 75088 | K-5 | 2 mi |
Coyle Middle School 4500 Skyline Drive, Rowlett, TX 75088 | 7-8 | 2.9 mi |
Lyles Middle School 4655 South Country Club Road, Garland, TX 75043 | 7-8 | 2.9 mi |
Vernon Schrade Middle School 6201 Danridge Road, Rowlett, TX 75089 | 6-8 | 3.9 mi |
Rowlett High School 4700 Kirby Road, Rowlett, TX 75088 | 9-12 | 1.8 mi |
Lakeview Centennial High School 3505 Hayman Drive, Garland, TX 75043 | 9-12 | 2.1 mi |
Garland High School 310 South Garland Avenue, Garland, TX 75040 | 9-12 | 6.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 4448 Chaha Rd
Tax History
Tax History for 4448 Chaha Rd
Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,291
—
$179,990
—
2025
$4,291
18%
$179,170
-7%
2024
$3,625
20%
$193,320
46%
2023
$3,021
-7%
$132,020
—
2022
$3,259
5%
$132,020
12%
2021
$3,100
1532%
$117,880
—
2020
$190
-94%
$117,880
4%
2019
$3,176
61%
$113,160
62%
2018
$1,969
14%
$69,780
14%
2017
$1,729
8%
$61,300
8%
2016
$1,595
32%
$56,580
28%
2015
$1,206
9%
$44,320
4%
2014
$1,108
3%
$42,440
2%
2013
$1,080
—
$41,500
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 4448 Chaha Rd
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4448 Chaha Road, Garland, TX 75043 (MLS# 21356792) is a Multi-Family property with 22 units containing 37 bedrooms and 37 full bathrooms. 4448 Chaha Road is currently listed for $3,600,000 and was received on August 11, 2026. Want to learn more about 4448 Chaha Road? Do you have questions about finding other Multi-Family real estate for sale in Garland? You can browse all Garland real estate or contact a Coldwell Banker agent to request more information.