Description
' High-Yield Turnkey Rental | 8.7% Cap Rate | Fully OccupiedInvestors"unlock solid returns with 905 E. 17th St, a cash-flowing, tenant-occupied townhome in Wilmingtons 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: $15,4852024 Operating Expenses: $4,130Net Operating Income: $11,355Cap 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 youre 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 dont sit long.
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2BEDS
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0.03ACRES
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1BATHS
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01/2 BATHS
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1,025SQFT
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$127$/SQFT
Description
' High-Yield Turnkey Rental | 8.7% Cap Rate | Fully OccupiedInvestors"unlock solid returns with 905 E. 17th St, a cash-flowing, tenant-occupied townhome in Wilmingtons 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: $15,4852024 Operating Expenses: $4,130Net Operating Income: $11,355Cap 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 youre 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 dont sit long.
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