104 SUMMERS DR
ELON, NC 27244
$259,000
3 Beds
1 Baths
1,107 Sq Ft
Status Active
MLS# 10027072
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.
Details for 104 SUMMERS DR
Built in 1950
$234 / Sq Ft
Central Air,Gas
Central, Propane
24 Days on website
0.25 acres lot