4993,75,53 Lake Palmetto | #25003531
About this property
Address
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 |
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Listing Provided by Tift Properties
