902 Royal Tern Ln, Mount Pleasant, SC 29464
See all 12 photos
902 Royal Tern Ln, Mount Pleasant, SC 29464
902 Royal Tern Ln, Mount Pleasant, SC 29464
902 Royal Tern Ln, Mount Pleasant, SC 29464
902 Royal Tern Ln, Mount Pleasant, SC 29464
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Billy Simons

Billy Simons

+1(843) 301-9459
Listed by   Align'd Properties
$ 1,299,000
Est. payment /mo
Save
Active Contingent

902 Royal Tern Ln Mount Pleasant, SC 29464

8 Beds

6 Baths

4,310 SqFt

UPDATED:

Key Details

Property Type Multi-Family, Townhouse

Sub Type Single Family Attached

Listing Status Active Contingent

Purchase Type For Sale

Square Footage 4,310 sqft

Price per Sqft $301

Subdivision Shemwood Ii

MLS Listing ID 26024359

Bedrooms 8

Full Baths 4

Half Baths 4

HOA Y/N No

Year Built 1976

Lot Size 6,969 Sqft

Acres 0.16

Property Sub-Type Single Family Attached

Property 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)

Location

State SC

County Charleston

Area 42 - Mt Pleasant S Of Iop Connector

Interior

Interior Features Ceiling Fan(s)

Heating Electric

Cooling Central Air

Laundry Washer Hookup, Electric Dryer Hookup

Exterior

Utilities Available Mt. P. W/S Comm, Dominion Energy

Roof Type Architectural

Building

Lot Description Cul-De-Sac

Dwelling Type Quadruplex

Story 2

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type Stucco

New Construction No

Schools

Elementary Schools James B Edwards

Middle Schools Moultrie

High Schools Lucy Beckham

Others

Acceptable Financing Any, Cash, Conventional

Listing Terms Any, Cash, Conventional

Financing Any,Cash,Conventional

Billy Simons

Billy Simons

Agent License ID: 77907

+1(843) 301-9459

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree to receive recurring marketing communication from ATD Properties LLC, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

By checking this box, I agree to the Terms of Service and Privacy Policy of this website.

Consumers opt in by completing the two-step contact form at billysimons.com/?isPopup=1&optInAudit=1. On the first step, they enter their email address and click Continue. The second step displays their full contact details along with a checkbox stating: 'By checking this box, I agree to receive recurring marketing
communication from ATD Properties LLC, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply STOP to opt-out of texts or HELP for assistance); Consent not required to make a purchase. I understand that I can call 843-301-9459 to obtain direct assistance.' Checking this box is optional. Phone number is optional.

Go tour this home

902 Royal Tern Ln