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902 Royal Tern Lane, Mount Pleasant, SC 29464

New Listing
$1,299,000
Property Type: Residential Bedrooms: 8 Baths: 6 Square Footage: 4,310 Lot Size (sq. ft.): 6,970 Status: Active
Current Price: $1,299,000 List Date: 8/27/2026 Last Modified: 9/01/2026

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 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)

Listing Details MLS# 26024359

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
Directions
Use GPS
Legal Description
Lt Mf 6

Contract Info

Sub-Type
Single Family Attached
MLS List Date
2026-08-27
Total List Price/SqFt
301.39

General Property Info

Primary Structure Full Baths
4
Primary Structure Half Baths
4
Primary Structure Beds
8
Total Baths - Full
4
Total Baths - Half
4
Total Beds
8
Baths - Total
6
Ground Level
No
Primary Bedroom – Main Level
No
Stories
2
Primary Structure Apx SqFt
4310
Total Apx SqFt
4310
Ownership
Fee Simple
Year Built
1976
Acreage
0.16
Other Structures Y/N
No
Potential Short Sale
No
C/R
No
Occupancy
Leased
Lease Purchase
No
HOA Fee
No
Auction
No

Tax/Fees

Taxes
9597
Regime Fee
No

Office/Member Info

Seller Concessions Negotiable Y/N
Yes

SqFt Source

Tax Records
Yes

More Information

Roof

Architectural
Yes

Lot Description

Cul-De-Sac
Yes

Exterior

Stucco
Yes

SF Attached Style

Quadplex (1 Unit)
Yes

Foundation

Slab
Yes

Garage/Parking

Assigned Parking
Yes

Stories/Levels

2 Stories
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

Assumable

No
Yes

Proposed Financing

Any
Yes
Cash
Yes
Conventional Loan
Yes

New Owned

Pre-Owned
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 SF Attached Style: Quadplex (1 Unit) Lot Description: Cul-De-Sac Roof: Architectural Exterior: Stucco Foundation: Slab New Owned: Pre-Owned Cooling: Central Air Heat: Electric Possession: At Closing Utility Suppliers: Dominion Energy; Mt. P. W/S Comm Proposed Financing: Any; Cash; Conventional Loan Assumable: No
IDX
Listing Office: Align'd Properties
Last Updated: September - 01 - 2026
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