Active

4993,75,93 Lake Palmetto Lane

North Charleston SC, 29418

$1,726,000


$259.28 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

November 21, 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

10/28/2024

Price change

$1,726,000

0%

9/17/2024

Price change

$1,725,000

-5%

Courtesy of Tift Properties with Tift Mitchell,

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Kellen Gatling shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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