902 Royal Tern Lane #A B C D
Mount Pleasant, SC 29464
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Bed
0
Bath
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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Building Information
Year Built: 1976 Building Area Total: 4310 Private Pool: No
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Lot Information
Lot Size Acres: 0.16
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Listing Price Information
Listing Price: $1299000
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Tax Information
Parcel Number: 532-04-00-157
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Parking Information
Parking Total: 8
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Location Information
WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1335 Cassidy #UNIT A, Mount Pleasant, SC, 29464 | $615,000 | 3 | 2 | 1,314 | -- |
| 425 King Street, Mount Pleasant, SC, 29464 | $1,650,000 | 4 | -- | 1,500 | 0.08 Acre |
| 305 Queens Court #1, Mount Pleasant, SC, 29464 | $2,875,000 | 4 | 4.5 | 3,794 | 0.11 Acre |
| 305 Queens Court Court #2, Mount Pleasant, SC, 29464 | $2,725,000 | 4 | 4.5 | 3,435 | 0.11 Acre |
Similar Multifamily To 902 Royal Tern Lane #A B C D
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ByOwner last updated this listing 09/05/2026 @ 16:23
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