| CREOP

918 Sea Gull Drive presents investors with a rare opportunity to acquire a stabilized fourplex 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 rate and positioning the property as both a cash-flowing investment and a long-term value-add opportunity in a high-barrier-to-entry submarket.

Unmatched Demand & Demographics • South Mount Pleasant attracts a high-income, highly educated tenant base that values proximity to downtown, the beaches, and top-tier schools. • The area has extremely limited multifamily inventory, and homeownership costs are among the highest in the state—creating long-term renter demand. Walkability & Lifestyle Appeal • Residents enjoy close proximity to Trader Joe’s, Whole Foods, Shem Creek, the Old Village, and Sullivan’s Island, making this one of the few walkable submarkets outside of downtown Charleston. • Access to recreation, boutique shopping, dining, and waterfront entertainment enhances long-term rental demand. Proven Rent Growth & Stability • Despite regional supply headwinds, South Mount Pleasant continues to post year-over-year rental growth between 2–4%, outperforming the broader Charleston MSA. • Class B and workforce units in this area maintain low vacancy and strong renewal rates, offering investors durable cash flow