104 Summers Drive
104 Summers Drive
104 Summers Drive
104 Summers Drive
104 Summers Drive
104 Summers Drive
104 Summers Drive
104 Summers Drive
104 Summers Drive
104 Summers Drive
104 Summers Drive
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104 Summers Drive
104 Summers Drive
104 Summers Drive
104 Summers Drive
104 Summers Drive
104 Summers Drive
104 Summers Drive
104 Summers Drive
104 Summers Drive
104 Summers Drive
104 Summers Drive
For Sale

104 Summers Drive

104 Summers Drive, Elon, NC 27244

$259,000
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. 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.

3
beds

1
bath

1,107 Sq.Ft. LIVING AREA

10,890 Sq.Ft. lot

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Schedule a Showing

We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.

Schedule a Showing

We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.
Thank you for your interest in 104 Summers Drive, Elon, NC 27244. We are reviewing your request and will be in touch shortly!
Ed Billings

Ed Billings

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 For Sale
  • 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$259,000
  • 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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