1. Delaware
2. Wilmington
3. 905 E 17TH STREET

905 E 17TH STREET, Wilmington, DE 19802

• 2 beds |
• 1 bath |
• 1,025 sqft

Property Description

💰 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.

Listing Status:

Active

Date Added:

June 4, 2025 at 05:00AM

Listing Office:

ELM Properties : 3027623757

Listing Agent:

Evan Ward : 3024638143

MLS ID:

DENC2083030

Interior

• Appliances: RefrigeratorOven - Single
• Basement: FullUnfinished
• A/C: None
• Heating: YForced AirNatural Gas
• Fireplace: Non-FunctioningFireplaceFireplaces: 1
• Disability Feature: None

Exterior

Construction

Location

Lot

Utilities

Financial

This listing courtesy of Evan Ward, ELM Properties