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104 Summers Drive Elon, NC 27244
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Key Details
Sold Price $227,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,107 sqft
Price per Sqft $205
Subdivision Boone Station
MLS Listing ID 10027072
Sold Date 07/12/24
Style House
Bedrooms 3
Full Baths 1
HOA Y/N No
Abv Grd Liv Area 1,107
Originating Board Triangle MLS
Year Built 1950
Annual Tax Amount $1,398
Lot Size 10,890 Sqft
Acres 0.25
Property Sub-Type Single Family Residence
Property Description
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. Lease in place, June 1 2024-May 31 2025) at $2,400/mo. Factoring in all expenses, cap rate is 9.0%! Management is a breeze with existing property management relationship that bills on an hourly basis.
Location
State NC
County Alamance
Direction From Elon University, Head West on E. Trollinger Ave. Left on Summers Drive. Home is on the left.
Interior
Heating Central, Propane
Cooling Central Air, Gas
Flooring Carpet, Laminate
Appliance Dishwasher, Electric Oven, Range, Refrigerator, Washer/Dryer, Water Heater
Exterior
Fence Wood
Utilities Available Cable Available, Sewer Connected, Water Connected
Roof Type Shingle
Street Surface Asphalt
Garage No
Private Pool No
Building
Lot Description Level
Faces From Elon University, Head West on E. Trollinger Ave. Left on Summers Drive. Home is on the left.
Story 1
Foundation Block
Sewer Public Sewer
Water Public
Architectural Style Ranch
Level or Stories 1
Structure Type Vinyl Siding
New Construction No
Schools
Elementary Schools Alamance - Elon
Middle Schools Alamance - Western
High Schools Alamance - West Alamance
Others
Tax ID 109486
Special Listing Condition Standard
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