$227,000
$239,000
5.0%For more information regarding the value of a property, please contact us for a free consultation.
104 Summers DR Elon, NC 27244
3 Beds
1 Bath
1,107 SqFt
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 Ranch
Bedrooms 3
Full Baths 1
HOA Y/N No
Year Built 1950
Annual Tax Amount $1,398
Lot Size 10,890 Sqft
Acres 0.25
Property Sub-Type Single Family Residence
Land Area 1107
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
Community Boone Station
Area 0.25
Interior
Cooling Central Air, Gas
Flooring Carpet, Laminate
Fireplace No
Appliance Range, Dishwasher, Washer/Dryer
Exterior
Parking Features Gravel
Garage Spaces 3.0
Utilities Available Cable Available, Sewer Connected, Water Connected
Roof Type Shingle
Total Parking Spaces 3
Garage No
Building
Lot Description Level
Story One
Foundation Block
Water Public
Architectural Style Ranch
New Construction No
Schools
Elementary Schools Alamance - Elon
Middle Schools Alamance - Western
High Schools Alamance - West Alamance
Others
Tax ID 109486
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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