918 Sea Gull Drive #A-D
Mount Pleasant, SC 29464
For more information on this listing, contact us at: (843) 277-5845
Sold
$1,170,000
-2.4%
918 Sea Gull Drive #A-D Mount Pleasant, SC 29464
Multi Family
Property Type
10
Beds
4,368
Sq. Ft.
1976
Year Built
Charleston
County
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.
MLS #
25027072
Monthly HOA
N/A
Date Sold
12/18/2025
Last Updated
10/6/2026
Location
Contact Agent
Greg Boger | Avenue Realty
(843) 277-5845Property Details
Community Information
Address
918 Sea Gull Drive #A-D, Mount Pleasant, SC 29464
Area
42 - Mt Pleasant S of IOP Connector
County
Charleston
City
Mount Pleasant
Subdivision
Shemwood
Zip Code
29464
Condo
Shemwood
School Information
High School
Lucy Beckham
Middle School
Moultrie
Elementary School
James B Edwards
Architecture
Unit Number
#A-D
Bedrooms
10
Year Built
1976
Stories
2
Style
Quadruplex
Construction Materials
Brick
Building Area
4368
Unit 1
2 Beds•1 Bath
Unit 2
2 Beds•1 Bath
Unit 3
3 Beds•1.5 Baths
Unit 4
3 Beds•1.5 Baths
Roof
Asphalt
Foundation
Slab
Features / Amenities
Cooling Yes/No
Yes
Cooling
Central Air
Heating
Central
Property Features
Lot Size
9,583 Sq. Ft. / 0.22 Acres
Utilities
Mt. P. W/S Comm, Dominion Energy
Sewer
Public Sewer
Directions
Take Chuck Dawley Boulevard To Sea Gull Dr.
Tax and Financial Info
Terms
Cash, Conventional
Price Change History
| Date | Old Price | New Price | Percent Change |
| 12/18/2025 | $1,199,000 | $1,170,000 |
-2.4%
|
Schools
Walking and Transportation
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Listing Information Last Updated 10/6/2026
Listing provided courtesy of Three Real Estate LLC.
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The Broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information deemed reliable but is not guaranteed.
