220 Bois D Arc
- 100% occupied with $4,525 in monthly in-place rents
- 2025 actual NOI of $32,557 ($30,534 in 2024)
- 8.2% cap rate on 2025 NOI
- Three units on month-to-month terms - ability to mark rents to market
- Stable Canton rental market anchored by First Monday Trade Days
Property Description
220 S Bois D Arc Street is a 100% occupied, four-unit multifamily property in Canton, Texas, the Van Zandt County seat. The building totals 2,940 square feet on a 0.43-acre lot and was constructed in 1970 with an effective year of 2005. All four units are currently leased, generating $4,525 in monthly rental income. The asset has a proven income history, producing net operating income of $30,534 in 2024 and $32,557 in 2025. Offered at $395,000, the property represents an 8.2% capitalization rate on 2025 net operating income. In-place rents range from $1,075 to $1,275, with three units on flexible month-to-month terms that give a new owner the ability to mark rents to market. Canton anchors a stable rental market driven in large part by First Monday Trade Days. Small multifamily product trades thinly in this submarket, making well-maintained, fully occupied assets like this difficult to replace.
Broker Details
Scarborough Commercial Real Estate 903-570-7366
MLS ID: 0687976 State License Number: 0687976
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $365,000 |
| No. of Units: | 4 |
| Average Occupancy: | 8.2 |
| Year Built: | 1970 |
| Lot Size: | 0.43 Acres |
| Opportunity Zone: | No |
| Price per unit: | $91,250 |
| Property Website | Click Here |
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