North Charleston, SC 29418,4953,4975 Lake Palmetto Ln
North Charleston, SC 29418,4953,4975 Lake Palmetto Ln
North Charleston, SC 29418,4953,4975 Lake Palmetto Ln
46
Listed by   Tift Properties
Bought with Ashley Cooper Real Estate, LLC
$1,055,000
$1,695,000
37.8%
Est.Price: ?

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6 BD
4,279 SqFt

4953, 4975 Lake Palmetto Ln North Charleston, SC 29418

Est. payment /mo
SOLD DATE : 05/15/2025

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Key Details

Sold Price $1,055,000

Property Type Townhouse

Sub Type Townhouse

Listing Status Sold

Purchase Type For Sale

Square Footage 4,279 sqft

Price per Sqft $246

Subdivision Lake Palmetto

MLS Listing ID 25003531

Sold Date 05/15/25

Bedrooms 6

Year Built 2005

Lot Size 5,227 Sqft

Acres 0.12

Property Sub-Type Townhouse

Property Description

2 active short term rentals sold fully furnished generating over 200,000 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.

Location

State SC

County Charleston

Area 31 - North Charleston Inside I-526

Interior

Interior Features Ceiling Fan(s)

Heating Central

Cooling Central Air

Laundry Washer Hookup

Exterior

Community Features Dock Facilities

Roof Type Asphalt

Building

Foundation Crawl Space

Structure Type Vinyl Siding

New Construction No

Schools

Elementary Schools Meeting Street Elementary At Brentwood

Middle Schools Northwoods

High Schools North Charleston

Others

Financing Any

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agent

Bill Olson

Agent | License ID: 92535

+1(843) 580-8010

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