902 Royal Tern Lane #A B C D, Mount Pleasant, SC 29464

Mount Pleasant
Local realty services provided by:ERA Greater North Properties
902 Royal Tern Lane #A B C D,Mount Pleasant, SC 29464
$1,299,000
  • 8 Beds
  • 8 Baths
  • 4,310 sq. ft.
  • Single family
  • Active
Listed by: mary beth wichlei, jake stradling
Office: align'd properties
MLS#:26024359
Source:MI_NGLRMLS

Price summary

  • Price:$1,299,000
  • Price per sq. ft.:$301.39

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 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)

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Home facts

  • Year built:1976
  • Subdivision & Development:Shemwood II
  • Listing ID #:26024359
  • Updated:August 28, 2026 at 11:47 PM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:8
  • Full bathrooms:4
  • Half bathrooms:4
  • Living area:4,310 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Electric
  • Central air:Yes

Structure and exterior

  • Year built:1976
  • Building area:4,310 sq. ft.
  • Lot area:0.16 Acres
  • Foundation Description:Slab

Schools

  • High school:Lucy Beckham
  • Middle school:Moultrie
  • Elementary school:James B Edwards

Finances and disclosures

  • Price:$1,299,000
  • Price per sq. ft.:$301.39

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