902 Royal Tern Lane # D A B C D Mount Pleasant, SC 29464
Listing Courtesy of: CHARLESTON / Listed By: Jake Stradling, Mount Pleasant Office

  902 Royal Tern Lane # D A B C D Mount Pleasant, SC 29464

Contingent (41 Days)
$1,299,000 (USD)
8
BED
4,310
SQFT

Description

902 Royal Tern with a rare opportunity to acquire four town-home style units in South Mount Pleasant, one of Charleston's most desirable submarkets. All comprised of 2 bed 1.5 bath. Unit B is intentionally vacant for renovations. Can be leased within a week on average according to seller. All other units are Leased through March 31st 2027, and current income is A ($2,200), B (Vacant), C ($1,900), D ($1950). At 1.299M, the asset reflects a 5% cap rate on in-place income, assuming $2250 a month rent for Unit B. Current rents are below market, with comparable two-bedroom units averaging $2,620, creating strong upside potential. Pro forma rents at market levels suggest annual income could exceed $125,760, yielding an 6.3% CAP.(Some Photos contain Ai Staging)

MLS #:
26024180
Lot Size
6,970 SQFT
Type
Multifamily
Year Built
1976
County
Charleston County
Community
Shemwood Ii

Listed By

Jake Stradling, Mount Pleasant Office
Source
CHARLESTON
Last checked Oct 6 2026 at 11:10 PM GMT+0000
Bathroom Details
Subdivision
  • Shemwood Ii
Utility Information
  • Utilities: Dominion Energy, Mt. P. W/S Comm
  • Sewer: Public Sewer
School Information
  • Elementary School: James B Edwards
  • Middle School: Moultrie
  • High School: Lucy Beckham
Parking
  • Covered Spaces :Unknown
Stories
  • 2
Location
   
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

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Disclaimer: Copyright 2026 Charleston Trident MLS. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is 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. Data last updated 10/6/26 16:10