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902 Royal Tern Lane, Mount Pleasant, SC 29464 CONTINGENT 1 of 12 902 Royal Tern Lane, Mount Pleasant, SC 29464 — photo 2 902 Royal Tern Lane, Mount Pleasant, SC 29464 — photo 3 902 Royal Tern Lane, Mount Pleasant, SC 29464 — photo 4 902 Royal Tern Lane, Mount Pleasant, SC 29464 — photo 5
1 of 12
Contingent
$1,299,000 Est. $8,951/mo — Get pre-qualified
8beds 6baths 4,310sq ft 0.16acres

902 Royal Tern Lane · Mount Pleasant, SC 29464

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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)

Features & Amenities

Living Area4,310 Sq.Ft.
Bedrooms8
Baths6
HeatingElectric
CoolingCentral Air
FireplaceNo
Interior FeaturesCeiling Fan(s)
LaundryWasher Hookup, Electric Dryer Hookup
Year Built1976
ConstructionStucco
RoofArchitectural
FoundationSlab
StatusContingent
Lot Size0.16 Acres
Lot FeaturesCul-De-Sac
SubdivisionShemwood II
CountyCharleston
Property TypeResidential
Property SubTypeSingle Family Attached
Last UpdatedSep 28, 2026
UtilitiesMt. P. W/S Comm, Dominion Energy
SewerPublic Sewer
Water SourcePublic
HOANo
ElementaryJames B Edwards Elementary School
MiddleMoultrie Middle School
HighLucy Beckham High School
Presented By: Align'd Properties

Location

Property boundary from county GIS

Neighborhood Snapshot

U.S. Census Bureau, ACS 5-year estimates

Walk Score®
41
Car-Dependent
Bike Score®
49
Somewhat Bikeable
Transit Score®
—
No nearby transit

Walk Score®, Bike Score® and Transit Score® provided by Walk Score.

Neighborhood data describes this home's U.S. Census tract and is provided for information only. Statistics describe an area, not any individual property or its residents.

Monthly Cost Estimate

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* Estimates only. Actual rates, payments, and terms vary. Consult a licensed mortgage professional.

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Last Updated: Sep 28, 2026