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4953,4975 Lake Palmetto Lane

North Charleston, SC 29418
  • $1,055,000
  • STATUS: Closed
  • ON SITE: 152 Days
  • ID#: 25003531
Sold - 05/15/2025
$1,055,000
SOLD - 05/15/2025
  • 6
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,279
    SQFT
  • $247
    $/SQFT
Neighborhood:
Type:
Townhouse
Built:
2005
County:

School Information

Middle School:
High School:

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.

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Charleston Trident Association of REALTORS® logo Real estate listing marked with the CTMLS logo or an abbreviated logo are provided courtesy of the Charleston Trident MLS Broker Reciprocity Database. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Three Real Estate | Realty One Group Coastal. Data last updated: 2025-07-13T23:31:23.533.
www.threerealestate.net/homes/160228683
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4953,4975 Lake Palmetto Lane North Charleston, SC 29418

  • Price: $1,055,000
  • Status: Closed
  • On Site: 152 Days
  • Updated: 177 min ago
  • ID#: 25003531
6
Beds
0
Baths
0
½ Baths
0.12
Acres
4,279
SQFT
$247
$/SQFT
2005
Built
Neighborhood:
Lake Palmetto
County:
Charleston
Area:
N. Charleston - Inside Mark Clark
Elementary School:
Meeting Street Elementary At Brentwood
Middle School:
Northwoods
High School:
North Charleston
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.
Exterior Features

Construction Materials Vinyl Siding Covered Spaces 0 Foundation Details Crawl Space Garage YN No Other Structures No Parking Features Other Roof Asphalt

Interior Features

Cooling Central Air Cooling YN Yes Heating Central Heating YN Yes Interior Features Ceiling Fan(s) Laundry Features Washer Hookup Unit1 Baths 3.5 Unit1 Bedrooms 3 Unit1 Sq Ft 2219 Unit2 Baths 3.5 Unit2 Bedrooms 3 Unit2 Sq Ft 2219

Property Features

Community Features Dock Facilities Listing Terms Any New Construction YN No Security Features Fire Sprinkler SystemSecurity System Structure Type Townhouse

Charleston Trident Association of REALTORS® logo Listing courtesy of Tift Properties: .


Charleston Trident Association of REALTORS® logo Real estate listing marked with the CTMLS logo or an abbreviated logo are provided courtesy of the Charleston Trident MLS Broker Reciprocity Database. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Three Real Estate | Realty One Group Coastal. Data last updated: 2025-07-13T23:31:23.533.
 
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Three Real Estate | Realty One Group Coastal
677 King Street
Charleston SC, 29464