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Terri Bias

Operator/Brokerage Owner | Terri Bias and Associates | PLACE

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1132 Ben Sharpe Rd , Elon, NC 27244
$230,000
Est. Payment: $1,255.08/mo
2 Bed
1 Bath
1584 Sqft
0.5 Acres
Status: active | Days on site: 9
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Terri Bias
Operator/Brokerage Owner

House Description

Investor special with serious upside potential in a highly convenient Elon location. This property has already been taken down to the studs, offering a rare opportunity to start fresh and fully customize the interior layout, finishes, and systems to your exact specifications. Whether you are an experienced investor, builder, or buyer looking to take on a full-scale renovation, this home provides the framework for a complete transformation. The existing structure includes a 2-bedroom, plus bonus room that could be utilized as 3rd bedroom, 1.5-story footprint with a fireplace, giving you flexibility to reimagine the space for modern living. Outside, the property features a valuable 2-bay detached shop equipped with automatic doors, durable concrete flooring, and a commercial-grade car lift—ideal for automotive work, storage, or a workshop setup that is increasingly hard to find. Located just minutes from Elon University, this property benefits from proximity to a vibrant college community, as well as quick access to Burlington, shopping centers, restaurants, and major highways for easy commuting. The surrounding area continues to see steady growth, making this an attractive option for resale, rental, or long-term hold. With key work already started, this is a true blank canvas ready for completion. Opportunities like this—where you can control design, layout, and finish level from the ground up—are increasingly rare in this price segment and location.

Highlights

Listed by Landon Stone , Real Broker, LLC , Triangle MLS, Inc. of North Carolina mls logo

Property Type

Residential

Lot/Acreage
0.5

Year Built

1951

County

Alamance

Neighborhood

Not in a Subdivision

Listing ID

10175578

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:2
  • ▪ Bathrooms:1
  • ▪ Full Bathrooms:1
Above Ground Sq Ft:1584
Water:Well

Exterior Features

Roof:Shingle
Sewer:Septic Tank
Principal Interest
$1,255
Taxes
$147

Home Price

$230,000

Loan Details

30 yrs
7.249%

Down Payment

20%
$46,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,255.08

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,255.08 $146.63 $0.00 $1,401.70
Yearly $15,060.95 $1,759.50 $0.00 $16,820.45
Total $451,828.64 $52,785.00 $0.00 $504,613.64

Today's Rates

30 Year

7.25%

20 Year

6.86%

15 Year

6.56%

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Market insight data is pulled from the same city as the listing being viewed (Elon, NC).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information Not Guaranteed.
Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database.
©2026 Triangle MLS, Inc. of North Carolina. All rights reserved.

Data last updated: 2026-10-08T18:02:58.000Z

© 2026 Triangle MLS, Inc. of North Carolina

MLS Logo - Triangle MLS, Inc. of North Carolina