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  • Schools

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Buy a houseat 104 Summers Drive, Elon, NC 27244

$259,000

$0/mo

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Residential

1,107 Sq. Ft.

10,890 Sq. Ft. lot

3 Bedrooms

1 Bathrooms

10 Days on market

10027072 MLS ID

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About 104 Summers Drive house

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.
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.

Property details

Appliances

Dishwasher

Electric Oven

Range

Refrigerator

Washer/Dryer

Water Heater

Construction materials

Vinyl Siding

Cooling

Central Air

Gas

Current financing

Conventional

Fencing

Wood

Flooring

Carpet

Laminate

Foundation details

Block

Heating

Central

Propane

Levels

One

Lot features

Level

Parking features

Gravel

Possession

Rental Agreement

Road frontage type

City Street

Road responsibility

Public Maintained Road

Road surface type

Asphalt

Roof

Shingle

Sewer

Public Sewer

Special listing conditions

Standard

Structure type

House

Utilities

Cable Available

Sewer Connected

Water Connected

Monthly cost

Estimated monthly cost

$1,668/mo

All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

Sale and tax history

Sales history

Date

Jun 25, 2021

Price

$160,000

Date

Jan 6, 2020

Price

$109,000

Date

Mar 22, 2013

Price

$47,000

DatePrice
Jun 25, 2021$160,000
Jan 6, 2020$109,000
Mar 22, 2013$47,000

Schools

This home is within the Alamance-burlington Schools.

Elon enrollment policy is not based solely on geography. Please check the school district website to see all schools serving this home.

Seller fees & commissions

Home sale price

$

Outstanding mortgage

$

Selling with traditional agent

Selling with Unreal Estate agent

Your total sale proceeds$243,460

+$7,770

$251,230

Seller agent commission$7,770 (3%)*

$0 (0%)

Buyer agent commission$7,770 (3%)*

$7,770 (3%)*

*Commissions are based on national averages and not intended to represent actual commissions of this property

Get $7,770 more selling your home
with an Unreal Estate agent

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State

  • Land for sale in North Carolina
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  • Real Estate for Sale in North Carolina

Unreal Estate checked: May 14, 2024 at 12:09 p.m.

Data updated: May 7, 2024 at 7:34 a.m.

Courtesy of Compass -- Chapel Hill - Durham, Ed W Billings.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange™ Program of the Triangle MLS, Inc. of Cary. Real estate listings held by brokerage firms other than the brokerage firms other than the one represented by this site are marked with the Internet Data Exchange™ logo or the Internet Data Exchange™ thumbnail logo and detailed information about them includes the name of the listing firms. The listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Information deemed reliable but not guaranteed.
Listing Information © 2024 Triangle MLS, Inc. All Rights Reserved.

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