4993,75,53 Lake Palmetto, North Charleston, SC 29418 MLS #25003531

$1,695,000 Status: For Sale
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9 Beds
6657 sq2
Lot Size: 0.1200 acres
Year Built: 2005
DOM: 53

Locations

Address:
4993,75,53 Lake Palmetto
Subdivision:
Lake Palmetto
Zip Code:
29418
County:
Charleston
State:
SC

Features and Amenities

Cooling:

Central Air

Laundry Features:

Washer Hookup

Security Features:

Fire Sprinkler System, Security System

Community Features:

Dock Facilities

Interior Features:

Ceiling Fan(s)

Other:

Asphalt, Central

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.

Schools

Name Address Phone Type Grade
Jerry Zucker Middle School of Science 6401 Dorchester Road 8437678383 Public 6-8 SPED
Name Address Phone Type Grade
Lambs Elementary 6800 Dorchester Road 8437675900 Public PK-5 SPED
W. B. Goodwin Elementary 5501 Dorchester Road 8437675911 Public PK-5 SPED
Name Address Phone Type Grade
Palmetto Scholars Academy 7499 Dorchester Road 8433004118 Public 6-12 SPED
Name Address Phone Type Grade
R. B. Stall High 3625 Ashley Phosphate Road 8437642200 Public 9-12 SPED

WHAT IS YOUR HOME WORTH ?

Mortgage Calculator

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Interest Rate as of: Fri, Apr. 04, 2025
$ 1,695,000 Home Price
$ 8,687 Monthly payment
$ 1,356,000 Amount Financed
$ 104,245 Annual cost of Loan
$ 3,127,356 Total of 360 Payments

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James Schiller

James Schiller

Realtor, Brand Name Real Estate
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4993,75,53 Lake Palmetto, North Charleston, SC, 29418
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