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104 Summers DriveElon, NC 27244

  • House
  • $259,000
  • 1,107 SQFT
  • 3 Bedrooms
  • 1 Bathrooms
  • 1,107 SQFT

Looking for an easy to rent, east to manage rental with a great return? Look no further! This student rental is oh so close to the heart of Elon University and leases itself due to a long term relationship with University fraternity. Recent upgrades include LVT flooring in common areas, new roof on the rear portion of the home, HVAC four years old. Fenced yard. Home is well maintained. Crawl space structurally reviewed and repaired. Current tenants leased thru May 31, 2023 at $2,250/mo, the following year's tenants are in place (June 1 2024-May 31 2025) at $2,400/mo. Factoring in all expenses, this year's cap rate of 7.8% and 8.5% for 2024-2025. Management is a breeze with existing property management relationship that bills on an hourly basis.

Last Checked
1 minute ago
Last Updated
May 07, 2024
Days on Website
15
Type
House
Style
Ranch
Year Built
1950
Neighborhood
Boone Station
County
Alamance
Elementary School
Elon
Middle School
Western
High School
West Alamance

Property Details for 104 Summers Drive

104 Summers Drive is a house for sale in Elon, NC 27244. This 1,107 SQFT house sits on a 0.25 acre lot and features 3 bedrooms and 1 bathrooms. Built in 1950, this house has been on the market for a total of 15 days and is currently priced at $259,000.

All

Ed W Billings

Compass -- Chapel Hill - Durham

919-423-6627

Please contact Ed W Billings at Compass -- Chapel Hill - Durham direct by phone at 919-423-6627. You may also reach Compass -- Chapel Hill - Durham by phone at 919-999-8482.

Listing Provider for 104 Summers Drive

Offered by Red Door Company. Information Not Guaranteed. © Triangle MLS Inc. All rights reserved. Listings marked with a TMLSidx icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database.

Agent:
Ed W Billings
Agent Phone Number:
919-423-6627
Office:
Compass -- Chapel Hill - Durham
Office Phone Number:
919-999-8482
MLS ID:
10027072
Data Source:
Triangle MLS
Last Checked:
1 minute ago
Last Updated:
May 7, 2024 7:03 AM UTC
Days on Site:
15
Triangle MLS