Active
4993,75,93 Lake Palmetto Lane
North Charleston SC, 29418
$1,725,000
$259.13 per sqft
Active
9 Beds
6,657 sqft
Residential
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.The neighborhood is a short drive to bustling Park Circle's restaurants and shops, near the North Area brewery district and up and coming Navy Yard, and is just a few minutes from the Paradiso at Mixson, a family friendly club with a large, heated saltwater pool, cabana rentals, co-working spaces, a restaurant, and regular social events. Lake Palmetto is also moments to Charleston International Airport for quick weekend getaways or incoming guests.
24019444
MLSⓇ ID
July 31, 2024
Listed
October 1, 2024
Updated
Map
4993,75,93 Lake Palmetto Lane
North Charleston SC, 29418
Interior Features
Bedrooms
9
Interior Features
Ceiling Fan(s)
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Heat Pump
Exterior/Building Features
Lot Size
0.12 Acres
Roof
Asphalt
Sewer
Public Sewer
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
Water Source
Public
Pool
No
Listing History
Date | Event | Price |
---|---|---|
9/17/2024 | Price change | $1,725,000 -5% |
Courtesy of Tift Properties with Tift Mitchell,
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Data last updated 8:08 PM UTC, 10/1/2024