Apartment Community with Laundry
For Sale
Contact for pricing
Pending
1570 S Buffalo St, Canton, TX 75103
40-unit apartment property with on-site laundry room and central heating and cooling, currently 97.5% occupied.
Days on Market111
Property Features for 1570 S Buffalo St
General Information
Standard status
Pending
Total Parking Spaces
40
Property subtype
Multifamily
Occupancy
98%
Additional Details
Multifamily Units
40
Amenities
laundry room
playground
pet stations
Building Details
Tenancy
Multi
Listing Agency:
Waller Group Homes
(214) 818-4109
Listed By:
Logan Waller · License #TX 0479147
Source:
Crexi
Added: Apr 11
Changed: Jul 22
Last Checked: Jul 29 at 4:11PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Waller Group Homes
Investment Insights
Based on property information with market context.
Canton Place Apartments is a 40-unit, value-add multifamily property comprised of three buildings. The unit mix includes 13 one-bedroom units, 26 two-bedroom units, and one three-bedroom unit. Improvements include roof replacements completed 7–8 years ago. Residents have access to an on-site laundry room with four washers and four dryers, with central heating and cooling throughout. The property also features a playground, pet stations, and 1:1 parking.
Located at 1570 S Buffalo St in Canton, TX, the property is approximately 2 miles from the First Monday Trade Days.
The current annual NOI is reported as $129,347. The opportunity for new ownership centers on implementing an interior unit upgrade program, including black or stainless-steel appliances, upgraded flooring, and upgraded plumbing and fixtures, with rent upside outlined to as high as $238 per unit based on area rent comps. Additional revenue may be generated through a ratio utility billing system to bill back for water and gas, and the property is currently managed day-to-day by an on-site manager. Pro forma underwriting includes a 4.0% management fee.
Located at 1570 S Buffalo St in Canton, TX, the property is approximately 2 miles from the First Monday Trade Days.
The current annual NOI is reported as $129,347. The opportunity for new ownership centers on implementing an interior unit upgrade program, including black or stainless-steel appliances, upgraded flooring, and upgraded plumbing and fixtures, with rent upside outlined to as high as $238 per unit based on area rent comps. Additional revenue may be generated through a ratio utility billing system to bill back for water and gas, and the property is currently managed day-to-day by an on-site manager. Pro forma underwriting includes a 4.0% management fee.
Key Highlights
- 40‑unit Canton Place Apartments in Canton, TX, currently 97.5% occupied
- Unit mix: 13 one‑bedroom, 26 two‑bedroom, and 1 three‑bedroom across three buildings
- Laundry room with 4 washers and 4 dryers (owned) plus 1:1 parking spots
Property Analytics
Current Use
Lease Details
40
Residential units
97.5%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
187
Businesses Nearby
Explore this area
Business Placement
Demographics for 75103, TX
15,162
Population
6,967
Households
2.2
Avg Household Size
43
Median Age
20%
College-Educated
90%
High-School Grad
196.4 sq mi
ZIP Area
77
Density / Sq Mi
$69,271
Median Household Income
$43,450
Median Earnings
$1,069
Median Rent
$228,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - 40-unit apartment property with on-site laundry room and central heating and cooling, currently 97.5% occupied.
Where is this apartment building located?
The property is located at 1570 S Buffalo St Canton, TX.
What are key features of this property?
This property features: 40‑unit Canton Place Apartments in Canton, TX, currently 97.5% occupied; Unit mix: 13 one‑bedroom, 26 two‑bedroom, and 1 three‑bedroom across three buildings; Laundry room with 4 washers and 4 dryers (owned) plus 1:1 parking spots
