902 Royal Tern Lane
Mount Pleasant, SC 29464
8
Bed
4.5
Bath
4,310Sqft
0.16Acre(Lot)
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 units are month-to-month for income growth potential, and current income is A ($2,100), B (Vacant), C ($2,000), D ($2000). 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
Map
Map
What's Nearby
Nearby Areas
Features
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Bathroom Information
Full Baths: 4 Half Baths: 4 -
Roofing Information
Architectural -
Interior Features
Ceiling Fan(s) Roof: Architectural Laundry Features: Electric Dryer Hookup, Washer Hookup -
Heating & Cooling
Heating: Electric Cooling: Central Air WaterSource: Public
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Building Information
Year Built: 1976 Construction Materials: Stucco -
Exterior Features
Foundation Details: Slab
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Lot Information
Lot Description: Cul-De-Sac Lot Size Area: 0.16 Lot Size Units: Acres Lot Square Feet: 6,970 Lot Acres: 0.16 Stories: 2 Main Square Feet: 0.16Property Information
Property Type: Residential Sub Type: Single Family AttachedStructure Type: Quadruplex Subdivision: Shemwood II
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Elementary School: James B EdwardsJunior High School: MoultrieSenior High School: Lucy Beckham
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Utility Information
Dominion Energy, Mt. P. W/S Comm -
Location Information
Direction: Use Gps
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1600 Long Grove Drive #.., Mount Pleasant, SC, 29464 | $438,500 | 3 | 2 | 1,197 | -- |
| 1600 Long Grove #UNIT 825, Mount Pleasant, SC, 29464 | $420,000 | 2 | 2 | 1,049 | -- |
| 2605 Coral Vine Court, Mount Pleasant, SC, 29464 | $1,150,000 | 3 | 2 | 2,156 | 0.27 Acre |
| 1129 Astor Drive, Mount Pleasant, SC, 29464 | $569,000 | 3 | 2 | 1,271 | 0.10 Acre |
| 1116 Astor Drive, Mount Pleasant, SC, 29464 | $565,000 | 3 | 2 | 1,219 | 0.11 Acre |
| 1131 Daffodil Lane, Mount Pleasant, SC, 29464 | $589,000 | 3 | 2 | 1,310 | 0.11 Acre |
| 1135 Morning Glory Court, Mount Pleasant, SC, 29464 | $525,000 | 3 | 2 | 1,535 | 0.11 Acre |
| 1337 Horseshoe Bend, Mount Pleasant, SC, 29464 | $790,000 | 3 | 2.5 | 2,021 | 0.19 Acre |
| 2528 Bent Tree Lane, Mount Pleasant, SC, 29464 | $1,048,000 | 3 | 2 | 2,222 | 0.26 Acre |
| 1102 Hidden Cove Drive, Mount Pleasant, SC, 29464 | $465,000 | 2 | 2 | 1,354 | -- |
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ByOwner last updated this listing 09/05/2026 @ 12:12
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