4975,93,53 Lake Palmetto Lane, North Charleston, SC

6,657

Square feet

About 4975,93,53 Lake Palmetto Lane

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.

Features of 4975,93,53 Lake Palmetto Lane

MLS® # 31003931
Square Footage 6,657
Acres 0.00
Year Built 2005
Type Commercial Sale
Sub-Type Hospitality
Status Active

Community Information

Address 4975,93,53 Lake Palmetto Lane
City North Charleston
County Charleston
State SC
Zip Code 29418

Amenities

Parking Spaces 6
Parking Surface

Additional Information

Zoning City of North Charleston - CRD - Commercial Redevelopment District

Listing Details

OfficeTift Properties

Listing Map

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