4993,75,53 Lake Palmetto Active Save Request In-Person Tour Request Virtual Tour
North Charleston,SC 29418
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
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
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