Elon University Land Development Deal – Multifamily/Student Housing For Sale

  • $240000
  • 45477 sqft

RARE Development Opportunity directly next to campus of Elon University. 1 acre lot with opportunity to develop additional .88 acre lot on Power Line Rd.  24 Unit Multifmaily student housing complex next door sold for $3 million in March 2022.

Address: 948 E Haggard Ave, Elon NC 27244

Zoning: B4

Price: $ 130,000

Lot size: 1.04 acres / 45,477Sqft

City water and sewer

2nd Lot: Power Line Rd, Elon NC 27244 (Directly next to Dollar General)

Lot size: 0.88 acres / 38,333Sqft

Price: $ 110,000

*Call Dedric Polite 919-877-6774 or email Info@politeproperties.com for more info or to make offer,


All deals are cash or hard money only. We are selling our assignable contract with the seller of the property. We are not realtors. All properties require cash or a private/hard money loan in order to purchase – no conventional or FHA financing is available unless otherwise indicated. All inspections must be completed prior to the buyer signing the contract. All properties are sold as-is, where is. Buyers must complete all due diligence before submitting an offer and executing any agreement. Buyers will need to provide a $2,000 non-refundable deposit at the time of the contract. Buyer will be responsible for all closing costs unless otherwise indicated. Closing is an assignment of our contract with the seller to the end buyer. Buyer to pay a $750 closing fee to Open to Close for transaction coordination.


*If you prefer not to bid against other investors, offers may be accepted before showing date. If accepted, contract will be assigned and a private walkthrough will be scheduled.


Disclaimer: Please do your own due diligence. House is being sold as-is, and the buyer is to pay all closing costs. Price based on a cash or hard money offer. All properties offered are either owned by Polite Property Investments LLC, or under contract and selling equitable interest, or offered in conjunction with a business associate. All offers on properties require a $2,500 non-refundable earnest deposit and 10 day close of escrow. No waiting for a response. We respond immediately to an offer. Equal Opportunity Housing. If You or Your entity do ANYTHING to jeopardize the contract between Polite Property Investments LLC and seller of the property, including but not limited to marketing the property without authorization, putting the property on craigslist, or going to the property without permission YOU or Your ENTITY WILL BE HELD PERSONALLY RESPONSIBLE FOR DAMAGES OF TOTAL PROJECTED PROFIT MARGINS.

Copyright © 2022 Polite Property Investments LLC, All rights reserved.


948 E Haggard Ave
Elon, NC 27244
Square Feet:
For Sale
Property Type:

Call 877-289-6436 for more details

Property Location