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
Sold

104 Summers Drive

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

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 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

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