905 E 17th St

Wilmington DE 19802

1025 sq. ft.

1307 sq. ft.

Townhouse

Currently for sale - view listing

Overview

?? High-Yield Turnkey Rental | 8.7% Cap Rate | Fully Occupied Investors?unlock solid returns with 905 E. 17th St, a cash-flowing, tenant-occupied townhome in Wilmington?s revitalizing East Side. Currently generating $1,295/month in rent from a Section 8 tenant, this property brings in strong income with a great operating expense ratio?ideal for long-term hold strategies or out-of-state investors looking for stable returns with minimal headaches. ?? Investment Snapshot: Current Rent: $1,295/mo (tenant in place) 2024 Gross Income: $15,485 2024 Operating Expenses: $4,130 Net Operating Income: $11,355 Cap Rate @ $130K: 8.7% Operating Expense Ratio: 26% ?? Located minutes from Downtown Wilmington, I-95, and public transit, this property offers both cash flow and long-term appreciation potential. The rent roll and payment history show consistency and solid tenant retention. Whether you?re expanding your portfolio or seeking your first profitable turnkey asset, this is a plug-and-play rental with strong fundamentals. ?? Request the rent roll, full financials, or schedule a walk-through today?opportunities like this don?t sit long.

Features

2 bedrooms

1 bathroom

1025 sq. ft. floor area

1307 sq. ft. lot size

Townhouse

Property history for 905 E 17th St

2018

Sold

$25,000

20 Dec 2018 by Peter Meyer, of Meyer & Meyer Realty

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