4993,75,53 Lake Palmetto
North Charleston, SC 29418
- 9 beds
- – baths
- 6,657 sqft
- 5,227 sqft lot
- $254 per sqft
- 2005 build
- – on site
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.
Last checked:
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Last updated Feb 11, 2025
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MLS# 25003531 —
The Building
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Year Built:2005
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New Construction:false
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Structure Type:Condominium
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Roof:Asphalt
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Foundation Details:Crawl Space
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Security Features:Fire Sprinkler System
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Construction Materials:Vinyl Siding
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Building Area Total:6657
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Building Area Units:Square Feet
Interior
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Interior Features:Ceiling Fan(s)
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Laundry Features:Washer Hookup
Financial & Terms
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Listing Terms:Any
Location
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Latitude:32.864852
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Longitude:-80.009895
The Property
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Property Type:Residential Income
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Other Structures:No
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Lot Size Acres:0.12
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Lot Size Area:0.12
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Lot Size SqFt:5227.2
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Lot Size Units:Acres
Listing Agent
- Contact info:
- No listing contact info available
Beds
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Bedrooms Total:9
Heating & Cooling
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Cooling:true
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Cooling:Central Air
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Heating:Central
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Heating:true
Schools
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Community Features:Dock Facilities
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Elementary School:Meeting Street Elementary at Brentwood
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Middle Or Junior School:Northwoods
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High School:North Charleston
The Community
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Subdivision Name:Lake Palmetto
Parking
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Garage:false
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Parking Features:Other (Use Remarks)
Any use of search facilities of CTMLS data on this site, other than by a consumer looking to purchase real estate, is prohibited. Properties provided courtesy of the Charleston Trident MLS Broker Reciprocity Database. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data deemed reliable but not guaranteed accurate by the MLS.
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
2/11/25
Feb 11, 2025
|
Listed / Active | CTAR | $1,695,000 |
