918 Sea Gull Dr Unit A-D Mount Pleasant, SC 29464
Shemwood NeighborhoodEstimated payment $7,581/month
Highlights
- Central Air
- Mt. Pleasant Academy Rated A
- Heating Available
About This Home
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.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1976
Lot Details
- 9,583 Sq Ft Lot
Home Design
- Quadruplex
- Brick Foundation
- Slab Foundation
- Asphalt Roof
Interior Spaces
- 10 Bedrooms
- 4,368 Sq Ft Home
- 2-Story Property
Schools
- James B Edwards Elementary School
- Moultrie Middle School
- Lucy Beckham High School
Utilities
- Central Air
- Heating Available
Community Details
- 4 Units
- Shemwood Subdivision
Map
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | List to Sale | Price per Sq Ft |
---|---|---|---|---|
10/06/2025 10/06/25 | For Sale | $1,199,000 | -- | $274 / Sq Ft |
Source: CHS Regional MLS
MLS Number: 25027072

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