CAMPUS TRACE – 72 STUDENT BEDS AT ELON UNIVERSITY

Price:

$3,200,000

Status:

Sold

Address:

1000 E Haggard Ave, Elon, NC 27244, USA

Overview:

SOLD 7/31/20 FOR $3,200,000

Campus Trace consists of 24 units, each with three bedrooms and three bathrooms. This purpose-built, student property is on just one mile from the campus of Elon University and is rented by-the-bed with all utilities included. All utilities are provided by the landlord and the property is on the university bus-line. Built in 2006 the property is in excellent condition and offers a great opportunity for the student-housing operator to acquire a stabilized asset.

Unit Information

UnitTypeSizeRent
24 UNITS / 72 BEDS3 BD/3 BA1,200 SF$490 PER BED

Property Information

PIN 8855799988 Tax Value $1,726,550
Taxes $11,510 Lot Size 2.33 ACRES
Year Built 2006 Exterior BRICK, VINYL
Floors CARPET, VINYL Foundation SLAB
HVAC CENTRAL AIR, HEAT PUMPS Owner Financing NONE
Utilities PAID BY OWNER Appliances RANGE, REFRIGERATOR, DISHWASHER, MICROWAVE, WASHER/DRYER
Legal Description CAMPUS TRACE LO1 Zoning RES