Current Use by Public Records
- Residential income homes
Property Details for 4975 4993 4953 Lk
- Year built
- 2004
- Property type
- Residential income homes
Description
This exceptional investment opportunity presents three fully furnished, short-term rental townhomes in North Charleston, SC, totaling 6,657 square feet. Each unit boasts over 2,200 square feet, offering unique lakefront experiences that consistently command higher rental rates than comparable properties in the popular Park Circle area. The properties, built in 2004, are fee simple, minimizing maintenance concerns and eliminating HOA fees or assessments. Currently generating over $300,000 in annual income, these three units offer a stabilized investment with an 8.87% cap rate and a net operating income (NOI) of $153,000. All future bookings transfer upon sale, ensuring a seamless transition for the new owner. The properties benefit from streamlined management and numerous five-star reviews, reflecting their high quality and desirability. Conveniently located near Park Circle's vibrant restaurants and shops, the North Area brewery district, the up-and-coming Navy Yard, and the family-friendly Paradiso at Mixson (featuring a pool, co-working spaces, and more), this location also provides easy access to Charleston International Airport. This is a rare opportunity to acquire a high-performing, turnkey short-term rental portfolio with significant upside potential. The asking price is $1,725,000, representing $575,000 per unit and $259.13 per square foot. This portfolio offers a compelling investment with a strong track record and a prime location.
Value Estimations
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- North Charleston
- County
- Charleston
- State
- South Carolina
- Longitude
- -80.0104
- Latitude
- 32.8666
