SC > North Charleston > Lake Palmetto
North Charleston, SC 29418,4993,75,53 Lake Palmetto
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North Charleston, SC 29418,4993,75,53 Lake Palmetto
North Charleston, SC 29418,4993,75,53 Lake Palmetto
North Charleston, SC 29418,4993,75,53 Lake Palmetto
North Charleston, SC 29418,4993,75,53 Lake Palmetto
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AgentOwned Realty

AgentOwned Realty

+1(800) 919-2427
Listed by Tift Properties
$ 1,695,000
Est. payment /mo
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Active

4993, 75, 53 Lake Palmetto North Charleston, SC 29418

9 Beds

6,657 SqFt

UPDATED:

02/11/2025 03:41 PM

Key Details

Property Type Condo, Townhouse

Sub Type Condominium,Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 6,657 sqft

Price per Sqft $254

Subdivision Lake Palmetto

MLS Listing ID 25003531

Bedrooms 9

Year Built 2005

Lot Size 5,227 Sqft

Acres 0.12

Property Sub-Type Condominium,Townhouse

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.

Location

State SC

County Charleston

Area 31 - North Charleston Inside I-526

Interior

Interior Features Ceiling Fan(s)

Heating Central

Cooling Central Air

Laundry Washer Hookup

Exterior

Community Features Dock Facilities

Roof Type Asphalt

Building

Dwelling Type Condominium,Townhouse

Foundation Crawl Space

Structure Type Vinyl Siding

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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AgentOwned Realty

+1(800) 919-2427

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