902 Royal Tern Lane : The Brennaman Group

The Brennaman Group > Mount Pleasant > Shemwood Ii > 902 Royal Tern Lane

902 Royal Tern Lane, Mount Pleasant, SC 29464 $1,299,000

902 Royal Tern Lane is the only 8 bedroom home for sale in Mount Pleasant.

Bedrooms 8

Full Bathrooms 4

SqFt 4,310

Updated 09/01/2026

Half Bathrooms 4

Price/SqFt $301

General Features

Category Residential

Stories 2

Lot Description Cul-De-Sac

County Charleston

City Mount Pleasant

Subdivision Shemwood Ii

MLS number 26024359 (Active)

Address 902 Royal Tern Lane, Mount Pleasant, SC 29464 US

Listing Provided by Align'd Properties

Sale Type Not an Auction

MLS Area 42 - Mt Pleasant S of IOP Connector

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.

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)

Exterior Features

Exterior Stucco

Foundation Slab

Roof Architectural

Water / Sewer Public Sewer

Interior Features

Cooling Central Air

Heating Electric

Schools

Elementary School
James B Edwards

Middle School
Moultrie

High School
Lucy Beckham

Shemwood Ii

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