Listing Courtesy of: Tift Mitchell - Tift Properties
$1,725,000
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4993,75,93 Lake Palmetto Lane Lane North Charleston, SC 29418
Townhouse
Residence
9
Beds
Baths
6,657
Sq. Ft.
0.12
Acre
Lot
Property Activity
Time on Site
days
Days on Market
Views
Saves
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.
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MLS#
24019444
Property Type
Townhouse
Bedrooms
9
Year Built
2005
Square Feet
6,657
sq. ft
Lot Size
0.12
Sewer
Public Sewer
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