Active

4993,75,53 Lake Palmetto

North Charleston SC, 29418

$1,695,000


$254.62 per sqft

Active

9 Beds

6,657 sqft

Multi-family

Built in 2005

Three active short term rentals sold fully furnished generating over 300,000 per year in income. All future bookings will transfer upon sale complete pass through investment at a high rate of return. Agents and buyers search through loopnet, crexi, mls, or any other real estate platform and try to find a pass through cap rate at 8.5%. The rentals have many five star reviews with streamlined management already in place. All three rentals are unique booking experiences since they are lake front (these units consistently rent higher than well known park circle rentals) and can accommodate a large family due to each townhome being over 2200 sq ft. Since the properties are fee simple and built after 2004 maintenance is minimal without worry of an overbearing HOA or large assessments.

25003531

MLS ID

February 10, 2025

Listed

February 20, 2025

Updated

Interior Features

Bedrooms

9


Interior Features

Ceiling Fan(s)


Laundry Description

Washer Hookup


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Size

0.12 Acres


Roof

Asphalt


Security

Fire Sprinkler System, Security System

School Information

High School

North Charleston


Elementary School

Meeting Street Elementary at Brentwood

Other Property Details

Area Name

31 - North Charleston Inside I-526


Garage

No


Parking

Other (Use Remarks)


View

No


County

Charleston


Pool

No

Courtesy of Tift Properties with Tift Mitchell

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Data last updated 6:55 PM UTC, 2/20/2025

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