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$1,726,000

Status: For Sale

Price Increase (+0.06%)
Property type:
Year built: 2005
List Date: 2024-07-31
Lot Size: 0.1200 acres
Area
6657 ft2
Bedrooms
9
Days For Sale
101

Location

Amenities

  • Asphalt
  • Berkeley Elect Co-Op
  • Ceiling Fan(s)
  • Central Air
  • Heat Pump
  • Security System

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.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.

What's YOUR Home Worth?

Price Change History

  1. $1,725,000 $259/SqFt

  2. $1,726,000 $259/SqFt

Schools

6-12 SPED Schools in 29418

Name
Address
Phone
Type
Grade
7499 Dorchester Road
8433004118
Public
6-12 SPED

6-8 SPED Schools in 29418

Name
Address
Phone
Type
Grade
6401 Dorchester Road
8437678383
Public
6-8 SPED

9-12 SPED Schools in 29418

Name
Address
Phone
Type
Grade
3625 Ashley Phosphate Road
8437642200
Public
9-12 SPED

PK-5 SPED Schools in 29418

Name
Address
Phone
Type
Grade
6800 Dorchester Road
8437675900
Public
PK-5 SPED
5501 Dorchester Road
8437675911
Public
PK-5 SPED

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James Schiller

Realtor, Brand Name Real Estate

Happy Clients

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    The information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS boards of the SC Realtors.

    Listing Provided by Tift Properties

    4993,75,93 Lake Palmetto Lane, North Charleston, SC 29418
    MLS #29418
    $1,726,000
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