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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)
| DAYS ON MARKET | 35 | LAST UPDATED | 9/10/2026 |
|---|---|---|---|
| TRACT | Shemwood II | YEAR BUILT | 1976 |
| COMMUNITY | 42 - Mt Pleasant S of IOP Connector | COUNTY | Charleston |
| STATUS | Pending | PROPERTY TYPE(S) | Multi Family |
| Elementary School | James B Edwards |
|---|---|
| Jr. High School | Moultrie |
| High School | Lucy Beckham |
| ADDITIONAL DETAILS | |
| AIR | Ceiling Fan(s), Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Electric Cooktop, Electric Oven, Electric Range, Refrigerator |
| AREA | 42 - Mt Pleasant S of IOP Connector |
| CONSTRUCTION | Stucco |
| HEAT | Electric |
| INTERIOR | Ceiling Fan(s) |
| LOT | 6970 sq ft |
| LOT DIMENSIONS | 0.16 |
| SEWER | Public Sewer |
| STORIES | 2 |
| SUBDIVISION | Shemwood II |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Copyright 2026 Charleston Trident Multiple Listing Service, Inc. All rights reserved.
The broker providing this data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
Copyright 2026 Charleston Trident Multiple Listing Service, Inc. All rights reserved.
This IDX solution is (c) Diverse Solutions 2026.