104 Summers Drive
Elon,
NC
27244
Property Details
List Price: |
$239,000 |
Beds: |
3 |
Baths: |
1 |
Status: |
Active |
SqFt: |
1107 |
Agency: |
Compass North Carolina |
Description/Comments
Lot Size: |
-- |
Property Type: |
Residential |
Year Built: |
1950 |
Notes: |
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. |
MlsNumber: |
10027072 |
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Listing Provided By: |
Compass North Carolina, original listing |
Name: |
Compass North Carolina |
Phone: |
(212) 913-9058 |
Office Name: |
Compass -- Chapel Hill - Durham |
Office Phone: |
(919) 999-8482 |
Agent Name: |
Ed Billings |
Disclaimer: |
Copyright © 2024 Triangle MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |