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Street View
$1,299,000
Monthly Est:$6,466
8 Beds
-- Bath
4,310sqft
902 Royal Tern Ln #A B C D, Mount Pleasant, SC 29464
$1,299,000
$6,466/moEst:
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Multi Family
Built in 1976
$-- HOA
0.16 acre lot
$301/sq.ft
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)
- Houzeo last checked: 10 minutes ago
- Listing updated: September 28, 2026 at 1:14 pm
- Listing Provided by: Jake Stradling , Mary Beth Wichlei (843) 460-8999 | Align'd Properties
- Source: CHS Regional MLS | MLS#: 26024180
Part of
Property Details
Status
Active Under Contract
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
--
Year Built
1976
HOA Fees
-
Finished Area
4,310 sqft
Lot Size
0.16 acre lot
Basement Area
- sqft
MLS Name
CHS Regional MLS
MLS Number
26024180
MLS Status
Active Contingent
Days on Market
48
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 8
Bathroom: --
Interior
Interior Features
Ceiling Fan(s)
Sewer
Public Sewer
Heating
Electric
Cooling
Central Air
Construction
Year Built
Year Built: 1976
Home type
Multi Family
Construction Materials
Stucco
Foundation Details
Slab
Roof
Architectural
Utilities & Energy
Water Source
Public
Utilities
Mt. P. W/s Comm, Dominion Energy
Laundry Features
Washer Hookup, Electric Dryer Hookup
Other Features
Subdivision Name
Shemwood Ii
Price History
| Date | Event | Price |
|---|---|---|
09/28/2026 Source: | Contingent (Active Under Contract) | $1,299,000 $301/sqft |
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This representation is based in whole or in part on information supplied by the Charleston Trident Association of REALTORS® or its Multiple Listing Service through Oct 11, 2026, 10:30AM. Information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. All information deemed reliable but not guaranteed. Charleston Trident Multiple Listing Service, Inc. makes no representation or warranty regarding the accuracy of the data. ©2026 Charleston Trident MLS CTMLS. All rights reserved.
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