$1,726,000
4993, 75, 93 Lake Palmetto Ln North Charleston, SC 29418
20
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Listed by Tift Properties
$1,726,000
Est. payment /mo
9 BD
6,657 SqFt
Active
4993, 75, 93 Lake Palmetto Ln North Charleston, SC 29418
UPDATED:
10/28/2024 05:49 PM
Key Details
Property Type Townhouse
Sub Type Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 6,657 sqft
Price per Sqft $259
Subdivision Lake Palmetto
MLS Listing ID 24019444
Bedrooms 9
Year Built 2005
Lot Size 5,227 Sqft
Acres 0.12
Property Description
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.
Location
State SC
County Charleston
Area 31 - North Charleston Inside I-526
Interior
Interior Features Ceiling Fan(s)
Heating Heat Pump
Cooling Central Air
Exterior
Utilities Available Berkeley Elect Co-Op
Roof Type Asphalt
Parking Type Other (Use Remarks)
Building
Dwelling Type Townhouse
Foundation Crawl Space
Sewer Public Sewer
Water Public
New Construction No
Schools
Elementary Schools Meeting Street Elementary At Brentwood
Middle Schools Northwoods
High Schools North Charleston
Others
Financing Any
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