104 SUMMERS DR
ELON, NC 27244

$259,000

3 Beds

1 Baths

1,107 Sq Ft

Status Active

MLS# 10027072

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.

Details for 104 SUMMERS DR

Built in 1950

$234 / Sq Ft

Central Air,Gas

Central, Propane

20 Days on website

0.25 acres lot

Interior

Appliances

Dishwasher, Electric Oven, Range, Refrigerator, Washer/Dryer, Water Heater

Bathrooms Full

Bathrooms Total

Bedrooms Total

Flooring

Carpet, Laminate

Interior Features

Living Area

1,107 SqFt.

Hoa Features

Association Amenities

Association Fee Includes

Building And Construction

Property Sub Type

Single Family Residence

Property Type

Residential

Year Built

1950

Exterior And Lot

Exterior Features

Lot Size Acres

0.25

Lot Size Square Feet

10890

Lot Size Units

Square Feet

Parking Features

Gravel

Utilities

Cooling

Central Air, Gas

Heating

Central, Propane

Area And Schools

City

Elon

County Or Parish

Alamance

Elementary School

Alamance - Elon

High School

Alamance - West Alamance

Middle Or Junior School

Alamance - Western

Subdivision Name

Boone Station

Financial Info

Buyer Agency Compensation^*

^*The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Tax Annual Amount

$1,398.00