MLS# 25003531 | 4953,4975 Lake Palmetto Lane North Charleston SC | Lake Palmetto subdivision
843-225-7007
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North Charleston, SC 29418
- 6Beds
- N/AFull Baths
- N/AHalf Baths
- 4,279SqFt
- 2005Year Built
- 0.12Acres
- MLS# 25003531
- Multi Family
- Sold
- Approx Time on Market3 months, 4 days
- AreaNorth Charleston Inside I-526
- CountyCharleston
- Subdivision Lake Palmetto
Overview
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.
Sale Info
Listing Date: 02-10-2025
Sold Date: 05-15-2025
Aprox Days on Market:
3 month(s), 4 day(s)
Listing Sold:
2 month(s), 14 day(s) ago
Original Asking Price: $1,695,000
Asking Price: $1,055,000
Selling Price: $1,055,000
Price Difference From Original:
Reduced By $640,000
Price Difference From Asking:
Same as Asking Price
Agriculture / Farm
Grazing Permits Forest Service: No
Grazing Permits Private: No
Grazing Permits Blm: No
Horse: No
Farm Credit Service Incl: No
Association Fees / Info
Community Features: Dock Facilities
Bathroom Info
Building Info
Year Built: 2005
Business Info
Rent Control: No
Buyer Compensation
Exterior Features
Pool Private: No
Garage / Parking
Gar Pkg: Other
Garage: No
Attached Garage: No
Interior Features
Interior Features: Ceiling Fan(s)
Fireplace: No
Laundry Features: Washer Hookup
Lot Info
Lot Size: 0.12
Lot Size Units: Acres
Acres: 0.12
Lot Sqft: 5227.2
Irrigation Water Rights: No
Offer Compensation
Other
Security Features: Fire Sprinkler System, Security System
Mobile Home Remains: No
Property Info
Property Type: B
Foundation: Crawl Space
Exterior: Vinyl Siding
New Construction: No
Roof: Asphalt
Property Subtype: No
Building Area Units: Square Feet
View: No
Home Warranty: No
Habitable Residence: No
Structure Type: Townhouse
Room Info
Beds: 6
Sale / Lease Info
Sold Date: 2025-05-15T00:00:00
Lease Renewal Option: No
Lease Considered: No
Lease Assignable: No
Sqft Info
Unit Sqft: 2,219
Unit Sqft: 2,219
Unit Sqft: 2,219
Sqft: 4279
Unit Info
Unit Bedrooms: 3
Unit Bedrooms: 3
Unit Bedrooms: 3
Utilities / Hvac
Heating: Yes
Heat: Central
Cooling: Central Air
Cooling: Yes
Waterfront / Water
Waterfront: No
Courtesy of listing office Tift Properties
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The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Charleston Trident Multiple Listing Service. Real estate listings held by brokerage firms other than Marshall Walker Real Estate are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Last updated on 07-29-2025 3:28 PM EST .
The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
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