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.
Highlights
Three fully furnished short-term rentals generating over $300,000 in annual income.
High-return, pass-through investment opportunity; rare 8.5% cap rate.
Streamlined management with numerous five-star reviews.
Three unique, lakefront townhomes (each over 2200 sq ft), consistently commanding higher rental rates than comparable Park Circle properties.
Fee simple ownership (built after 2004) with minimal maintenance and no HOA.
Convenient location near Park Circle, North Area brewery district, Navy Yard, and Paradiso at Mixson; minutes from Charleston International Airport.
Property Details
for 4975 4993 4953 Lk
Property type
Residential income homes
Square Feet
6,657 SF
Year Built
2004
Units
3
Location Insight
City
North Charleston
County
Dorchester
State
South Carolina
Latitude
32.8665734
Longitude
-80.0104134
4975 4993 4953 Lk, North Charleston, South Carolina
Nearby Similar for Sale
For Sale
$799,000
Park Circle Rental Portfolio
Three-unit rental, prime North Charleston location.
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Contacts
Tift Mitchell
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4975 4993 4953 Lk, North Charleston, South Carolina, 29418
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Disclaimer
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4975 4993 4953 Lk
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