104 Summers Drive Elon, NC 27244
Single Family Detached
MLS #: 10027072
Courtesy Of Compass North Carolina
Property InformationDescription
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.
Features
- Age: Over 50 Years Old
- Appliances: Dishwasher, Dryer, Oven, Range, Refrigerator
- Architecture Style: Ranch
- Cooling System: Central A/C
- Exterior Type: Vinyl Siding
- Floor Covering: Carpet, Laminate
- Heating System: Central Furnace
- Lot Size: 0.25 Acres
- Roof Type: Composition Shingle
- Rooms: Bedroom, Full Bath, Kitchen, Laundry Room, Living Room
MAP & DIRECTIONS
School Information
104 Summers Drive, Elon, NC 27244
Elementary School
Grades KG-5 |
Public School
ELON ELEMENTARY SCHOOL
Elon, NC 27244
730 Walker Rd
336.538.6000
Distance: 1.6 mi
School Rating
B
Student:Teacher Ratio
16:1
Total Students
692
Middle School
Grades 6-8 |
Public School
WESTERN ALAMANCE MIDDLE SCHOOL
Elon, NC 27244
2100 Eldon Dr
336.538.6010
Distance: 4.4 mi
School Rating
B+
Student:Teacher Ratio
17:1
Total Students
860
High School
Grades 9-12 |
Public School
WESTERN ALAMANCE HIGH SCHOOL
Elon, NC 27244
1731 N NC 87
336.538.6020
Distance: 3.9 mi
School Rating
B
Student:Teacher Ratio
17:1
Total Students
1063
| Other Nearby Schools | Distance | Type | Grades | School Rating |
|---|---|---|---|---|
| Gibsonville Elementary School | 1.8 mi | Public | PK-5 | D+ |
| Marvin B. Smith Elementary School | 2.4 mi | Public | PK-5 | A- |
| The Burlington School | 2.6 mi | Private | PK-12 | |
| Hillcrest Elementary School | 2.8 mi | Public | PK-5 | D+ |
| Highland Elementary School | 2.8 mi | Public | KG-5 | C |
| Turrentine Middle School | 2.9 mi | Public | 6-8 | F |
| Grove Park Elementary School | 3.2 mi | Public | PK-5 | C- |
| Walter M. Williams High School | 3.4 mi | Public | 9-12 | C |
| Blessed Sacrament School | 3.8 mi | Private | PK-8 | |
| Burlington Christian Academy | 4.3 mi | Private | PK-12 |
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.
Demographic Data
Elon, NC 27244
| Median Age: | 30.6 |
|---|---|
| Married: | 53% |
| Number of Households: | 5,278 |
| Households with Children: | 29% |
Elon, NC 27244
Demographic Data
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Occupancy Types
- 0 Vacant
- 0 Owned
- 0 Rented
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Transportation to Work
- 0 Drive
- 0 Public Transportation
- 0 Walk / Bike / Other
- 0 Work at Home
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