Elon College Portfolio
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Elon College Portfolio
2 Properties Offered at $27,391,260 CAD in Elon, NC
Investment Highlights
- Student Housing
Executive Summary
This is a unique opportunity to own two approved student housing apartment buildings known as West End Apartments located within walking distance of Elon University campus. Located in Elon between Greensboro and Durham NC, students travel from all over the world to pursue their educational goals at Elon. West End consists of 84 units with 287 bedrooms (all single-occupant bedrooms) and is located adjacent to Elon University with its 8,000± enrolled students.
Taxes & Operating Expenses (Actual - 2022) |
Annual (CAD) |
|---|---|
| Gross Rental Income |
$2,748,397
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$2,748,397
|
| Taxes |
-
|
| Operating Expenses |
-
|
| Total Expenses |
$934,112
|
| Net Operating Income |
$1,814,285
|
Taxes & Operating Expenses (Actual - 2022)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $2,748,397 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $2,748,397 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $934,112 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $1,814,285 |
Property Facts
| Price | $27,391,260 CAD | Number of Properties | 2 |
| Price / SF | $263.57 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 6.39% | Total Building Size | 103,923 SF |
| Sale Type | Investment | Total Land Area | 11.38 AC |
| Status | Active |
| Price | $27,391,260 CAD |
| Price / SF | $263.57 CAD / SF |
| Cap Rate | 6.39% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 103,923 SF |
| Total Land Area | 11.38 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Trollinger Apartments
323 W Trollinger Ave, Elon, NC 27244 |
69,915 SF | 1994 | - | |
|
West End Place
104 Manning Ave, Elon, NC 27244 |
34,008 SF | 1997 | - |
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Elon College Portfolio
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