For SaleFinancingManagementServicesEmail AlertsAdd Property

 67-Lake Community

4412 Chaha Rd., Garland, TX 75043

Price: $3,500,000 Year Built: 1980's Type: Garden/Low Rise
PP Unit: $52,238 # of Units: 67 Stories: 2
Cap Rate: 6.80% GRM:   5.80 Building Size: 55,183 SF
Occupancy: 86% Avg. Rent per Unit: $ Lot Size:  AC



67-Unit Apartment-Condo portfolio will not be divided. Very well maintained condo units built in early 1980's. The Faulkner Pt. #6 condo development is 100% owned (32 of 32 units) and is being operated as apartments collecting rent on some units over $1/SF. Some units in FP#6 are leased below market. The Centre Point condo development is 77% owned (17 of 22 units) and is collecting rent of up to $1,000 per month on its large units. The On the Point condo development is 25% owned (4 of 16 units). The Hillpoint condo development is 18% owned (11 of 60 units) and the remaining 3 units are units with lake views with one unit each in Lakepoint, Faulkner Point and Highpoint.

This package of condos are in a tight group location no more than 1 minute apart. Just south of IH-30 in the Garland, Texas neighborhood of Faulkner Point, this is a lakeside community and some of the condos have lake views. The nearby President George Bush Turnpike/IH-30 interchange provides easy fast transport to any part of the DFW metroplex. Nearby developments include Bass Pro Shops with nearby restaurants such as Primo's and Whataburger. A new unnamed hotel development is proposed adjacent to one of the condo developments.





View Larger Map



Request More Information



Fill in the blank with what appears in the image below:  


Broker Contact

(972) 934-1500


#1 online in Dallas-Fort Worth Apartment Buildings FOR SALE with 30 units or more:

"Residential" Real Estate has the Multiple Listing Service (MLS); Buyers and Sellers of "Apartment Buildings" have this site, an online service powered by YaYella. Our website is not broker specific and we strive to maintain 100% coverage of all apartment complexes for sale in the greater Dallas-Fort Worth market. You will find more apartments for sale in Dallas-Fort Worth on this website, than any other local or national website, by a long shot  -- making us #1 online in Dallas-Fort Worth Apartment Buildings For Sale!  "Sellers/Brokers" list their Apartment Building for sale on our website for free. "Buyers" are not required to register and have full access to our site without any subscription fees. We are the MLS for Buyers and Sellers of Apartment Buildings in Dallas-Fort Worth!

For Sale   Financing   Management   Services   Email Alerts   Add Property   Privacy Policy   Terms of Use   Contact Us

2013 All Rights Reserved 

Powered By YaYella