MLS# 24019444 | 4993,75,93 Lake Palmetto Lane North Charleston SC | Lake Palmetto subdivision
843-225-7007
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North Charleston, SC 29418
- 9Beds
- N/AFull Baths
- N/AHalf Baths
- 6,657SqFt
- 2005Year Built
- 0.12Acres
- MLS# 24019444
- Multi Family
- Active
- Approx Time on Market1 month, 20 days
- AreaNorth Charleston Inside I-526
- CountyCharleston
- Subdivision Lake Palmetto
Overview
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.
Agriculture / Farm
Grazing Permits Forest Service: No
Grazing Permits Private: No
Grazing Permits Blm: No
Horse: No
Farm Credit Service Incl: No
Association Fees / Info
Bathroom Info
Building Info
Year Built: 2005
Business Info
Rent Control: No
Buyer Compensation
Exterior Features
Pool Private: No
Garage / Parking
Gar Pkg: Other (Use Remarks)
Garage: No
Attached Garage: No
Interior Features
Interior Features: Ceiling Fan(s)
Fireplace: No
Lot Info
Lot Size: 0.12
Lot Size Units: Acres
Acres: 0.12
Lot Sqft: 5227.2
Irrigation Water Rights: No
Offer Compensation
Other
Security Features: Security System
Mobile Home Remains: No
Property Info
Property Type: B
Foundation: Crawl Space
Exterior: Vinyl Siding
New Construction: No
Roof: Asphalt
Property Subtype: No
Building Area Units: Square Feet
View: No
Home Warranty: No
Habitable Residence: No
Structure Type: Townhouse
Room Info
Beds: 9
Sale / Lease Info
Lease Renewal Option: No
Lease Considered: No
Lease Assignable: No
Sqft Info
Unit Sqft: 2,224
Unit Sqft: 2,206
Unit Sqft: 2,245
Sqft: 6657
Unit Info
Number of Units Total: 3
Unit Bedrooms: 3
Unit Bedrooms: 3
Unit Bedrooms: 3
Utilities / Hvac
Water Source: Public
Utilities: Berkeley Elect Co-Op
Heating: Yes
Heat: Heat Pump
Water Sewer: Public Sewer
Cooling: Central Air
Cooling: Yes
Waterfront / Water
Waterfront: No
Courtesy of listing office Tift Properties
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The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Charleston Trident Multiple Listing Service. Real estate listings held by brokerage firms other than Marshall Walker Real Estate are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Last updated on 09-20-2024 10:30 PM EST .
The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
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