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The Crest at Elon 756 E Haggard Ave 42 Unit Apartment Building $9,500,000 ($226,190/Unit) Elon, NC 27244
Investment Highlights
- Four-building Student Housing property in Elon
- Sale Includes: Apartment furniture, clubhouse furniture, fitness equipment, and miscellaneous personal property
- Built in 2010: Two-story building with six (6) four-bedroom apartments (24 beds), clubhouse, and fitness center
Executive Summary
Buildings: Four residential buildings
Total Beds: 168
Unit Configuration: Four-bedroom / four-bathroom apartments
Average Unit Size: 1,345 SF
Built in 2010: Two-story building with six (6) four-bedroom apartments (24 beds), clubhouse, and fitness center
Buildings 2020, 2030 & 2040: Three separate three-story buildings with twelve (12) four-bedroom apartments each (144 beds total)
Lease Structure: 100% master leased during the academic year (August–May)
Summer Leasing: Individually leased June–July (not included in the master)
Sale Includes: Apartment furniture, clubhouse furniture, fitness equipment, and miscellaneous personal property
Transit: Served by the Elon Express Shuttle
Total Beds: 168
Unit Configuration: Four-bedroom / four-bathroom apartments
Average Unit Size: 1,345 SF
Built in 2010: Two-story building with six (6) four-bedroom apartments (24 beds), clubhouse, and fitness center
Buildings 2020, 2030 & 2040: Three separate three-story buildings with twelve (12) four-bedroom apartments each (144 beds total)
Lease Structure: 100% master leased during the academic year (August–May)
Summer Leasing: Individually leased June–July (not included in the master)
Sale Includes: Apartment furniture, clubhouse furniture, fitness equipment, and miscellaneous personal property
Transit: Served by the Elon Express Shuttle
Data Room Click Here to Access
- Operating and Financials
Property Facts
| Price | $9,500,000 | Building Class | B |
| Price Per Unit | $226,190 | Lot Size | 5.25 AC |
| Sale Type | Investment | Building Size | 79,401 SF |
| No. Units | 42 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2004 |
| Property Subtype | Apartment | Parking Ratio | 3.19/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | I 2 | ||
| Price | $9,500,000 |
| Price Per Unit | $226,190 |
| Sale Type | Investment |
| No. Units | 42 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 5.25 AC |
| Building Size | 79,401 SF |
| No. Stories | 3 |
| Year Built | 2004 |
| Parking Ratio | 3.19/1,000 SF |
| Zoning | I 2 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Microwave
- Washer/Dryer
- High Speed Internet Access
- Wheelchair Accessible (Rooms)
Site Amenities
- Business Center
- Clubhouse
- Fitness Center
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+4 | 42 | - | 1,345 |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 115870 | Improvements Assessment | $6,895,797 |
| Land Assessment | $691,087 | Total Assessment | $7,586,884 |
Property Taxes
Parcel Number
115870
Land Assessment
$691,087
Improvements Assessment
$6,895,797
Total Assessment
$7,586,884
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The Crest at Elon | 756 E Haggard Ave
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