4993-75 Lake Palmetto Lane
$1,726,000
9
10.5
6,657
6,657
$259
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...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.
- Listed by Tift Properties
Property Details for 4993-75 Lake Palmetto Lane
Subdivision Name
Lake Palmetto
LISTING UPDATED: 10/28/2024 01:49 PM
Property Details for 4993-75 Lake Palmetto Lane
Status | Active |
---|---|
MLS # | 24019444 |
Days on Market | 97 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Other |
MLS Type | Residential Income |
Year Built | 2005 |
Lot Size | 0.12 AC / 5,227 SF |
County | Charleston County |
Building Information for 4993-75 Lake Palmetto Lane
Stories-Residences3Year Built2005Lot Size0.12 AC / 5,227 SF
Property Information for 4993-75 Lake Palmetto Lane
Property History for 4993-75 Lake Palmetto Lane
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 4993-75 Lake Palmetto Lane
This home is within Charleston 01 School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 8 | |||
Public - | 9 to 12 | |||
Public - | PK to 12 | |||
Charter - | 6 to 12 |
Rating | School | Distance |
---|---|---|
Meeting Street Elementary at Brentwood PublicPK to 8 | ||
North Charleston High School Public9 to 12 | ||
Garrett Academy Of Technology PublicPK to 12 | ||
Allegro Charter School Of Music Charter6 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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