902 Royal Tern Ln #A B C D, Mount Pleasant, SC 29464
902 Royal Tern Ln #A B C D, Mount Pleasant, SC 29464
902 Royal Tern Ln #A B C D, Mount Pleasant, SC 29464
902 Royal Tern Ln #A B C D, Mount Pleasant, SC 29464
902 Royal Tern Ln #A B C D, Mount Pleasant, SC 29464
902 Royal Tern Ln #A B C D, Mount Pleasant, SC 29464
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Michael Fox

Michael Fox

+1(843) 532-6441
Listed by   Align'd Properties
$ 1,299,000
Est. payment | /mo

8 Beds

4,310 SqFt

Save
$ 1,299,000
Est. payment | /mo
Save

8 Beds

4,310 SqFt

Key Details

Property Type Multi-Family, Townhouse

Sub Type Quadruplex,Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 4,310 sqft

Price per Sqft $301

Subdivision Shemwood Ii

MLS Listing ID 26024180

Bedrooms 8

HOA Y/N No

Year Built 1976

Lot Size 6,969 Sqft

Acres 0.16

Property Sub-Type Quadruplex,Townhouse

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 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.

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 Electric Dryer Hookup, Washer Hookup

Exterior

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

Roof Type Architectural

Building

Dwelling Type Quadruplex,Townhouse

Story 2

Foundation Slab

Sewer Public Sewer

Water Public

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

Nearby Locations

Michael Fox

+1(843) 532-6441

mfox@carolinaoneplus.com

567 Crowfield Blvd, Goose Creek, South Carolina 29445, USA

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