105 Parkview AVE, Elmwood Park, NJ 07407
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105 Parkview AVE, Elmwood Park, NJ 07407
105 Parkview AVE, Elmwood Park, NJ 07407
105 Parkview AVE, Elmwood Park, NJ 07407
105 Parkview AVE, Elmwood Park, NJ 07407
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Patric Santo Pietro

Patric Santo Pietro

+1(732) 570-5442
Listed by Burak Brian Bilgec United Real Estate
$ 650,000
Est. payment /mo
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Under Contract

105 Parkview AVE Elmwood Park, NJ 07407

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5+Family

Listing Status Under Contract

Purchase Type For Sale

MLS Listing ID 26005110

Style 5+Family

Property Sub-Type 5+Family

Property Description

Unique investment opportunity in North Jersey delivering immediate cash flow. This state-licensed 8-unit boarding house generates approximately $7,200 per month in gross rental income with month-to-month leases in place. Average tenant stay is about one year, with several long-term residents providing added stability. Each room is furnished with a bed, dresser, TV, and window A/C. Common areas are fully equipped with essential cooking and cleaning supplies. The property features two shared kitchens and two shared bathrooms (one per floor), plus a top-floor studio with a private half bath. Two car detached garage. High-yield asset producing ~$7,205/mo ($86,460/yr) in gross revenue (rooms + parking). Current NOI approximately $60,045/year (~9.24% cap at ask) with meaningful upside via modest rent optimization (pro forma cap ~9.87% at $900/room). Month-to-month occupancy model with established screening process and optional full-service management available. Key updates include new roof/chimney (2022), boiler (2020), and security cameras (2024), plus ongoing interior improvements. Buyer to verify all financials and licensing requirements.

Location

State NJ

County Bergen

New Jersey MLS (NJMLS)

NEARBY SCHOOL & BUSINESS

Patric Santo Pietro

Patric Santo Pietro

Agent License ID: 1007170

+1(732) 570-5442

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105 Parkview AVE

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