(864) 362-2375
$1,299,000
#A B C D 902 Royal Tern Lane, Mount Pleasant, SC 29464
8Beds
6Baths
4,308SQFT
0.16Acres
1976YearYear Built
About This Home
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)
Location
Key Facts
Status: Pending
Type: Residential Income
Neighborhood: Shemwood II
HOA Fees: $0
MLS: Charleston
MLS #: 26024180
Features
Townhouse
Dishwasher
Electric Cooktop
Electric Range
Refrigerator
Electric Oven
Mortgage Calculator
$6,568Estimated monthly payment
Principal & interest only. Estimate for informational purposes — excludes taxes, insurance, and HOA dues.
History
Current list price: $1,299,000
Status: Active — For Sale
Days on market: 17
Last updated: Sep 28, 2026
Schools
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Listing courtesy of Align'd Properties
Source MLS #: 26024180
Last updated: Sep 28, 2026
Listing data is provided for consumers' personal, non-commercial use and may not reflect all real-estate activity in the market. Information is deemed reliable but is not guaranteed.