902 Royal Tern Lane Unit A B C D | Mount Pleasant | $1,299,000

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902 Royal Tern Lane Unit A B C D Mount Pleasant, SC 29464 $1,299,000

8 BEDS

4,310 SQ. FT.

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902 Royal Tern Lane Unit A B C DMount Pleasant, SC 29464

For SALE ACTIVE

$1,299,000

EST. 3,269.89/MO CALCULATE

8 BEDS

4,310 SQ. FT.

Property 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)

Property Details

MLS ID26024180
Property TypeMulti Unit - Multiple
Building Area Total4310
CoolingCentral Air
Days on Site61
ExteriorStucco
HeatingElectric
HeatingY/N1
Home StyleQuadruplex, Townhouse
Interior FeaturesCeiling Fan(s)
LaundryWasher Hookup, Electric Dryer Hookup
Lot Dimensions0.16 acre(s)
Lot Size0.16 Acres
Other StructuresNo
Roof TypeArchitectural
SewerPublic Sewer
Stories2.0
Structure TypeQuadruplex, Townhouse
Units4
UtilitiesMt. P. W/S Comm, Dominion Energy
WaterPublic
Year Built1976
acres0.16

Amenities

Ceiling Fan(s)

Listed By / Shown By

Listed By

Agency Name: Align'd Properties

Charleston Trident MLS

Shown By

Agency Title: Carolina One Real Estate
Agency Phone: (843) 203-5016

Charleston Trident MLS

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Location 902 Royal Tern Lane

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