USASCMount PleasantShemwood IiA-B-C-D-902 Royal Tern Lane

A B C D-902 Royal Tern Lane, Mount Pleasant, SC

Name: A B C D - 902 Royal Tern Lane, For Sale in Mount Pleasant - Zoocasa
Brand: Align'd Properties
SKU: 26024180
Price: 1299000 USD

House

For Sale

Listed price in listed location currency (USD).

$1,299,000

800

MLS® 26024180

Overview

Key Facts

Type Quadruplex

Levels Residential Income

Size -

Garage

Taxes

Days Active 0

Lot Size 0.16 Acres

Approx. Age 1976

MLS® Number 26024180

Property Address: a-b-c-d-902 Royal Tern Lane, Mount Pleasant, SC, 29464

Average square foot calculated using Size range provided by listing agent.

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 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.

MLS® Number26024180

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1976

Basement

Driveway

Garage Spaces

HeatElectric

A/CCentral Air

Extras

Map

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