902 Royal Tern Lane A B C D, Mount Pleasant, SC 29464 (MLS# 26024180)

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

New Listing

$1,299,000

Property Type: MultiFamily Square Footage: 4,310 Lot Size (sq. ft.): 6,970 Status: Active

Current Price: $1,299,000 List Date: 8/26/2026 Last Modified: 8/26/2026

Overview

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 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.

Listing Details MLS# 26024180

Location, Tax & Legal

Tax Map #: 5320400157
Street #: 902
Street Name: Royal Tern
Street Suffix: Lane
County: Charleston
State: SC
Zip Code: 29464
Area: 42 - Mt Pleasant S of IOP Connector
Tax District: 21 - Town of Mt. Pleasant
Subdivision: Shemwood II
Elementary School: James B Edwards
Middle School: Moultrie
High School: Lucy Beckham
Unit #: A B C D
Legal Description: Lt Mf 6

Contract Info

MLS List Date: 2026-08-24
Primary Structure List Price/SqFt: 301.39

General Property Info

Number of Units: 4
# Stories: 2
Ground Level: No
Total Apx SqFt: 4310
Year Built: 1976
Acreage: 0.16
Occupancy: Leased
Potential Short Sale: No
Other Structures Y/N: No

Unit 1

SqFt: 1077

Unit 2

SqFt: 1077

Unit 3

SqFt: 1077

More Information

Unit 4

SqFt: 1077

Income, Expenses & Fees

Auction: No

Office/Member Info

Seller Concessions Negotiable Y/N: Yes

SqFt Source

Tax Records: Yes

Roof

Architectural: Yes

Exterior

Stucco: Yes

Foundation

Slab: Yes

Driveway

Concrete: Yes

Architectural Style

Quadplex: Yes
Townhouse: Yes

New Owned/Pre-owned

Pre-Owned: Yes

Equipment/Appliances

Ceiling Fan: Yes
Dishwasher: Yes
Electric Cooktop: Yes
Electric Dryer Hookup: Yes
Electric Range: Yes
Electric Single Oven: Yes
Refrigerator: Yes
Washer Hookup: Yes

Cooling

Central Air: Yes

Heat

Electric: Yes

Proposed Financing

Any: Yes
Cash: Yes
Conventional Loan: Yes

Possession

At Closing: Yes

Water/Sewer

Public Sewer: Yes
Public Water: Yes

Utility Suppliers

Dominion Energy: Yes
Mt. P. W/S Comm: Yes

Property Features

SqFt Source: Tax Records Roof: Architectural Exterior: Stucco Foundation: Slab Driveway: Concrete Architectural Style: Quadplex; Townhouse Cooling: Central Air Heat: Electric Proposed Financing: Any; Cash; Conventional Loan Possession: At Closing Utility Suppliers: Dominion Energy; Mt. P. W/S Comm

Documents

PD Exemption ›

LBP Disclosure ›

Listing Office: Align'd Properties

Last Updated: August - 26 - 2026

Properties marked with IDX logo are provided courtesy of Charleston Trident Multiple Listing Service, Inc. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Charleston Trident Multiple Listing Service. Real estate listings held by brokerage firms other than the website owner are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing this data believes it to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information is provided exclusively for consumers' personal, non-commerical use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.