10
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Listed by Burak Brian Bilgec United Real Estate
$650,000
Est. payment /mo
Active
105 Parkview AVE Elmwood Park, NJ 07407
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Key Details
Property Type Multi-Family
Sub Type 5+Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26005110
Style 5+Family
Property Sub-Type 5+Family
Property Description
Turnkey, cash-flowing investment in North Jersey. NJ state-licensed boarding house with 8 furnished rooms, 100% occupied and generating ~$7,225/mo ($86,700/yr) in gross income from rooms, parking and Wi-Fi. Current NOI is approximately $60,000/yr (~9.2% cap rate at list price), with upside through modest rent increases toward $900/room. Tenants average about one-year stays, and several are long-term. Each room comes furnished with a bed, dresser, TV and window A/C. The home has two shared kitchens and two shared bathrooms (one per floor), plus a top-floor room with a private half bath. Two-car detached garage, rented separately for added income. Professionally managed for 4 years, with a licensed on-site operator, established tenant screening and full-service management available to the next owner. Updates include roof and chimney (2022), heating system (2020) and security cameras (2024). Borough resale CO issued 2026. Buyer to verify all financials, zoning and licensing.
Location
State NJ
County Bergen
NEARBY SCHOOL & BUSINESS
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