902 Royal Tern LaneMount Pleasant, SC 29464

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)

• MLS ID26024359
• Property TypeResidential - Single Family
• Building Area Total4310
• CoolingCentral Air
• Days on Site17
• ExteriorStucco
• HeatingElectric
• HeatingY/N1
• Interior FeaturesCeiling Fan(s)
• LaundryElectric Dryer Hookup, Washer Hookup
• Lot Dimensions0.16 acre(s)
• Lot FeaturesCul-De-Sac
• Lot Size0.16 Acres
• Other StructuresNo
• Property Attached Y/NYes
• Roof TypeArchitectural
• SewerPublic Sewer
• Stories2.0
• Structure TypeQuadruplex
• UtilitiesDominion Energy, Mt. P. W/S Comm
• WaterPublic
• Year Built1976
• acres0.16