104 Summers Drive
104 Summers Drive
$259,000
3
1
1,107
1,107
$234
Listed By Compass
Description
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...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 for 104 Summers Drive
Waterfront
No
SubdivisionBoone Station
Location
Listing Courtesy of: .
LISTING UPDATED: 05/03/2024 10:17 AM
Property Details for 104 Summers Drive
Status | Active |
---|---|
MLS # | 10027072 |
Days on Market | 14 |
Taxes | $1,398 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Single Family |
MLS Type | Residential / Single Family Residence |
Year Built | 1950 |
Lot Size | 0.25 AC / 10,890 SF |
County | Alamance County |
Location
Listing Courtesy of: .
Building Information for 104 Summers Drive
Stories1Year Built1950Building Size-Lot Size0.25 AC / 10,890 SF
Payment Calculator
$1,530 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 104 Summers Drive
Property History for 104 Summers Drive
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 104 Summers Drive
Taxable ValueLand$30,000Additions$149,718Total$179,718
Tax Record2023$776 ($65 / month)
Home Facts
Beds3Baths1Total Finished SqFt1,080 SqFtAbove Grade Finished SqFt1,080 SqFtStories1Lot Size10,890 SqFtStyleSingle Family ResidenceYear Built1950ZoningMRCountyALAMANCEAPN109486
Schools near 104 Summers Drive
This home is within Alamance-Burlington School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | K to 12 |
Rating | School | Distance |
---|---|---|
Elon Elementary PublicK to 5 | ||
Western Middle Public6 to 8 | ||
Western Alamance High Public9 to 12 | ||
NC School for Deaf Morganton PublicK to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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