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