105 Parkview Avenue, Elmwood Park, NJ 07407
Local realty services provided by:CENTURY 21 Gold Properties Realty, Inc
105 Parkview Avenue,Elmwood Park, NJ 07407
$650,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Pending
Listed by: burak brian bilgec
Office: united real estate888-501-6953
MLS#:26005110
Source:NJ_MLS
Price summary
- Price:$650,000
About this home
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....
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Home facts
- Listing ID #:26005110
- Added:205 day(s) ago
- Updated:September 10, 2026 at 07:43 AM
Finances and disclosures
- Price:$650,000
- Tax amount:$8,529
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