$1,199,000

918 Sea Gull Drive A-D, Mount Pleasant, SC 29464

  • 10 beds
  • 4,368 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1976
  • Property Lot Size Icon9,583sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $274/sqft
  • Property List Date Icon Listed 27 days ago

Property Description

918 Sea Gull Drive presents investors with a rare opportunity to acquire a stabilized Quadplex in South Mount Pleasant, one of Charleston's most desirable submarkets. Comprised of two 3-bedroom / 1.5-bath units and two 2-bedroom / 1-bath units, collectively generating $8,000 per month ($96,000 annually) in current income. At 1.2m, the asset reflects a 6.3% cap rate on in-place income, assuming a 35% expense ratio. All tenants are on month-to-month leases, providing immediate flexibility for rental growth. Current rents are below market, with comparable two-bedroom units averaging $2,620 and three-bedroom units averaging $2,980, creating strong upside potential. Pro forma rents at market levels suggest annual income could exceed $136,800, yielding an 8.3% cap.

Listing Status:
Active
Date Added:
October 6, 2025 at 05:00AM
Listing Office:
Three Real Estate LLC :
MLS ID:
25027072
  • A/C: Central Air
  • Heating: Central
  • General: None
  • Roofing: Asphalt
  • General: Brick2Slab
  • Originating MLS: CHS Regional MLS
  • County: Charleston
  • Utilities: Dominion EnergyMt. P. W/S Comm
  • Sewer: Public Sewer
  • Source: CHS Regional MLS

This listing courtesy of Three Real Estate LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

E

East Cooper Montessori Charter

1120 Rifle Range Rd, Mount Pleasant, SC, 29464

Grades PK-8

0.45 miles away

M

Moultrie Middle School

645 Coleman Blvd, Mount Pleasant, SC, 29464

Grades 6-8

1.26 miles away

L

Lucy Garrett Beckham High School

1560 Mathis Ferry Rd, Mount Pleasant, SC, 29464

Grades 9-12

1.67 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.