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

4.5+ BATHS

4,310 SQ. FT.

SAVE REQUEST A SHOWING ASK A QUESTION

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

For SALE Single Family ACTIVE

$1,299,000

EST. 3,269.89/MO CALCULATE

8 BEDS

4.5+ BATHS

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 showings/Sale. Can be leased within a week on average according to seller. All units are month-to-month for income growth potential, and current income is A ($2,200), B (Vacant), C ($1,950), D ($2200). At 1.299M, the asset reflects a 5.2% 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 ID26024359
Property TypeResidential - Single Family
Building Area Total4310
CoolingCentral Air
Days on Site3
ExteriorStucco
HeatingElectric
HeatingY/N1
Interior FeaturesCeiling Fan(s)
LaundryElectric Dryer Hookup, Washer Hookup
Lot Dimensions0.16 acre(s)
Lot FeaturesCul-De-Sac
Lot Size0.16 Acres
Other StructuresNo
Property Attached Y/NYes
Roof TypeArchitectural
SewerPublic Sewer
Stories2.0
Structure TypeQuadruplex
UtilitiesDominion Energy, Mt. P. W/S Comm
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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