Thank you
Ed
Compass -- Chapel Hill - Durham
919-999-8482
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.
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Total Baths: 1
Full Baths: 1
Total Bedrooms : 3
Roof : Shingle
Appliances : Dishwasher, Electric Oven, Range, Refrigerator, Washer/Dryer, Water Heater
Shingle
Carpet, Laminate
Heating: Central, Propane
Cooling: Central Air, Gas
WaterSource: Public
Year Built: 1950
Construction: Vinyl Siding
Foundation Details: Block
Asphalt
City Street
Wood
Lot Description: Level
Lot Size Area: 10890
Lot Size Units: Square Feet
Lot Square Feet: 10,890
Lot Acres: 0.25
Stories: 1
Main Square Feet: 10890
Property Type: Residential
Sub Type: Single Family Residence
Style: Ranch
Structure Type: House
SQ ft (Living Area): 1,107
Subdivision: Boone Station
Parcel Number: 109486
Annual Tax: $1398
Gravel
Elementary School: Alamance - Elon
Junior High School: Alamance - Western
Senior High School: Alamance - West Alamance
Cable Available, Sewer Connected, Water Connected
Direction: From Elon University, Head West on E. Trollinger Ave. Left on Summers Drive. Home is on the left.
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
1249 Westbrook Avenue, Elon, NC,27244 | $484,000 | 6 | 4 | 3,649 | 26136 Sqft |
Elon Ossipee Road, Elon, NC,27244 | $28,000 | -- | -- | -- | 24829.2 Sqft |
Barrington Road, Elon, NC,27244 | $37,000 | -- | -- | -- | 32670 Sqft |
531 Cook Road, Elon, NC,27244 | $399,900 | 4 | 4 | 2,829 | 22215.6 Sqft |
6005 Windsor Circle, Elon, NC,27244 | $549,900 | 4 | 3 | 2,943 | 9583.2 Sqft |
2711 Laundry Road, Elon, NC,27244 | $139,900 | 3 | 1 | 636 | 28749.6 Sqft |
102 Camelot Drive, Elon, NC,27244 | $475,000 | 4 | 3 | 2,286 | 13939.2 Sqft |
1761 Stadler Road, Elon, NC,27244 | $430,000 | 3 | 1 | 1,249 | 10.01 Acres |
1252 Ben Sharpe Road, Elon, NC,27244 | $389,000 | 2 | 2 | 1,215 | 10.21 Acres |
5012 Windsor Court, Elon, NC,27244 | $630,000 | 4 | 4 | 3,142 | 10890 Sqft |
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ByOwner last updated this listing 05/20/2024 @ 12:17
MLS: 10027072
LISTED BY: Ed, Compass -- Chapel Hill - Durham
SOURCE: Triangle MLS
Buyer Agency Compensation: 3%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.