UPDATED:
Key Details
Property Type Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 1,025 sqft
Price per Sqft $126
Subdivision None Available
MLS Listing ID DENC2083030
Style Straight Thru
Bedrooms 2
Full Baths 1
HOA Y/N N
Abv Grd Liv Area 1,025
Year Built 1900
Annual Tax Amount $766
Tax Year 2022
Lot Size 1,307 Sqft
Acres 0.03
Property Sub-Type Interior Row/Townhouse
Source BRIGHT
Property Description
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.
Location
State DE
County New Castle
Area Wilmington (30906)
Zoning RES
Rooms
Basement Full, Unfinished
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling None
Fireplaces Number 1
Fireplaces Type Non-Functioning
Equipment Refrigerator, Oven - Single
Fireplace Y
Appliance Refrigerator, Oven - Single
Heat Source Natural Gas
Exterior
Exterior Feature Porch(es)
Fence Fully
Water Access N
Roof Type Flat,Rubber
Accessibility None
Porch Porch(es)
Garage N
Building
Story 2
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Architectural Style Straight Thru
Level or Stories 2
Additional Building Above Grade, Below Grade
New Construction N
Schools
High Schools Brandywine
School District Brandywine
Others
Senior Community No
Tax ID 26-029.40-285
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
