4993-75 Lake Palmetto Lane

North Charleston, SC 29418

$1,726,000
Price
9
Beds
10.5
Baths
6,657 Sq. Ft.
$259 / Sq. Ft.
6,657
Sq. Ft.
$259
per Sq. Ft.

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.
  1. 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

StatusActive
MLS #24019444
Days on Market117
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeOther
MLS TypeResidential Income
Year Built2005
Lot Size0.12 AC / 5,227 SF
CountyCharleston 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

Summary
Location and General Information
  • Latitude: 32.866157
  • Longitude: -80.010426
Taxes and HOA
  • Tax Map Number: 4091100101,4091100122,4091100092
School Information
  • Elementary School: Meeting Street Elementary at Brentwood
  • High School: North Charleston
  • Middle Or Junior School: Northwoods
Parking
  • Attached Garage YN: None
  • Carport YN: None
  • Covered Spaces: 0.0
  • Garage Spaces: 0.0
  • Garage YN: No
  • Parking Features: Other (Use Remarks)
Property
Lot Information
  • Building Area Total: 6657.0
  • Building Area Units: Square Feet
  • Foundation Details: Crawl Space
  • Other Structures: No
  • New Construction YN: No
  • Structure Type: Townhouse
Property and Assessments
  • Photos Count: 20
  • Photo Rights: I own the photos or have the right to use: Yes
Utilities
  • Utilities: Berkeley Elect Co-Op
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Heating YN: Yes
  • Cooling: Central Air
  • Cooling YN: Yes
  • Heating: Heat Pump
  • Interior Features: Ceiling Fan(s)
Exterior Features
  • Security Features: Security System
  • Construction Materials: Vinyl Siding
  • Roof: Asphalt
Multi Family
Multi-Family Information
  • Number Of Units Total: 3
Unit 1 Information
  • Unit 1: SqFt: 2245
  • Unit 1: Bedrooms: 3
  • Unit 1: Baths: 4
Unit 2 Information
  • Unit 2: SqFt: 2206
  • Unit 2: Bedrooms: 3
  • Unit 2: Baths: 4
Unit 3 Information
  • Unit 3: SqFt: 2224
  • Unit 3: Bedrooms: 3
  • Unit 3: Baths: 4

Property History for 4993-75 Lake Palmetto Lane

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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.

Similar Homes

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Similar Sold Homes

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4993-75 Lake Palmetto Lane is for sale in North Charleston, SC 29418. This property was listed for sale on July 31, 2024 by Tift Properties, it's currently listed at $1,726,000. This listing's school district is Charleston 01 School District. Nearby schools include Meeting Street Elementary at Brentwood, North Charleston High School and Garrett Academy Of Technology. 4993-75 Lake Palmetto Lane is a 9-bed, 10.5-bath, 6,657 sqft built in 2005.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Tift Properties

We do not attempt to independently verify the currency, completeness, accuracy or authenticity of the data contained herein. It may be subject to transcription and transmission errors. Accordingly, the data is provided on an “as is” “as available” basis only and may not reflect all real estate activity in the market. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity. Based on information from one of the following Multiple Listing Services: Charleston Trident MLS and REsides, Inc. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Canopy MLS,High Country Association of REALTORS,© 2024 REsides, Inc. All rights reserved. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, REsides, Inc. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.