104 Summers Drive Elon, NC 27244
Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.
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.
| 2 weeks ago | Listing updated with changes from the MLS® | |
| 2 weeks ago | Listing first seen online |
Listings that are marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database. Copyright 2024 Triangle MLS, Inc. of North Carolina. All rights reserved.
Data last updated: 2024-05-16 09:35 PM UTC
Did you know? You can invite friends and family to your search. They can join your search, rate and discuss listings with you.