104 Summers Drive

Name: Terra Nova Global Properties
Address: 310 E. Main Street Suite 305, Carrboro, NC, 27510, US
Telephone: (919) 929-2005

104 Summers Drive, Elon, NC 27244

$227,000

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.

Contact

3
beds

1
bath

1,107 Sq.Ft. LIVING AREA

10,890 Sq.Ft. lot

Ed Billings

title Broker, Realtor®, GRI
PHONE (919) 423-6627
EMAIL [email protected]
DRE # 201236

Features & Amenities

Interior

total bedrooms3
Total bathroom1
full bathroom1
Flooring Carpet, Laminate
APPLIANCES Dishwasher, Electric Oven, Range, Refrigerator, Washer/Dryer, Water Heater

Area & Lot

Status Sold
Living Area1,107 Sq.Ft.
Lot Area10,890 Sq.Ft.
MLS® ID10027072
TypeResidential
YEAR BUILT1950
Architecture StylesRanch
Elementary SchoolAlamance - Elon
Middle SchoolAlamance - Western
High SchoolAlamance - West Alamance

Exterior

STORIES1
water SourcePublic
utilitiesCable Available, Sewer Connected, Water Connected
roofShingle
lot featuresLevel
parkingGravel
HEAT TYPECentral, Propane
AIR CONDITIONINGCentral Air, Gas
sewerPublic Sewer
SubstructureBlock

Financial

Sales Price$227,000
Real Estate Tax $1,398/yr

WORK WITH US

We support our local community and enjoy creating relationships for life. As a result, we have developed a professional practice, based primarily on referral business. It is our philosophy to put the long term interests of our clients first.

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CONTACT DETAILS

TERRA NOVA GLOBAL PROPERTIES

Phone

(919) 929-2005

[email protected]

Address

101 Glen Lennox Drive, Suite 230 Chapel Hill NC 27517

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