Refine Search
Map
Sort by
$1,299,000
8 Beds ⋅ 7.5 Baths ⋅ 26024359 MLS ⋅ Shemwood Ii SubDv. ⋅ Active Status
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.(Some Photos contain Ai Staging)

902 Royal Tern Lane Unit #A B C D, Mount Pleasant
$1,299,000
8 Beds ⋅ 26024180 MLS ⋅ Shemwood Ii SubDv. ⋅ Active Status
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. (Some Photos contain Ai Staging)

902 Royal Tern Lane Unit #A B C D, Mount Pleasant
$800,000
3 Beds ⋅ 2 Baths ⋅ 26022127 MLS ⋅ Shemwood Ii SubDv. ⋅ Active Status
Welcome to Shemwood II, one of Mt. Pleasant's most established and desirable neighborhoods! This 3-bedroom, 2-bath brick ranch sits on a beautiful, shaded lot and has been lovingly owned by the same family since it was built in 1977. Offering approximately 1,517 square feet, this home provides a fantastic opportunity to renovate and make it your own while building instant equity in a highly sought-after location. The home is being sold as part of an estate and is priced to reflect the cosmetic updates desired by today's buyers, including flooring, paint, appliances, and other modernizations.With solid construction, a functional one-story floor plan, and an unbeatable location close to shopping, restaurants, schools, downtown Charleston, and the beaches. This is an exceptional opportunity for DIY homeowners, renovators, or investors alike.

1005 Jack Snipe Lane, Mount Pleasant