4448 Chaha Road, Garland, TX 75043

• 37 beds |
• 37 baths |
• 1 sqft

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.

Listing Status:

Active

Data Last Updated:

August 16, 2026 at 8:20PM

Listing Office:

Woodall and Co. Realty, LLC : 214-763-1830

Listing Agent:

Cooper Johnson :

Contact:

214-738-0070

MLS ID:

21356792

Interior

• General: Built-in Features
• Appliances: DishwasherElectric CooktopGas CooktopDisposalMicrowaveRefrigerator
• Flooring: Vinyl
• A/C: Central Air
• Heating: Electric
• Fireplace: Fireplaces: 1

Exterior

• Pool: Pool
• Parking: Additional ParkingAssignedParking spaces: 30

Construction

• Roofing: Shingle
• General: See Remarks2Slab

Location

• HOA Amenities: Maintenance Front YardAssociation ManagementInsuranceMaintenance GroundsMaintenance StructurePest ControlSewerSecurityTrashWater6246.0Monthly
• Originating MLS: NTR
• School District: Garland ISD
• County: Dallas

Lot

• Zoning: 261784800R2050000

Utilities

• Utilities: Sewer AvailableWater Available
• Water: Public
• Sewer: Public Sewer

Financial

• Source: NTR