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$ 1,150,000
Est. payment | /mo
6 Beds
4.5 Baths
5,000 SqFt
$ 1,150,000
Est. payment | /mo
6 Beds
4.5 Baths
5,000 SqFt
Open House
Sun Sep 13, 1:00 pm - 4:00 pm
Key Details
Property Type Multi-Family
Listing Status Off Market
Purchase Type For Sale
Square Footage 5,000 sqft
Price per Sqft $230
Bedrooms 6
Full Baths 4
Half Baths 1
Lot Size 5,797 Sqft
Property Description
Built on an existing foundation, 84 Miller Ave has been designed with layout efficiency, privacy, and long-term durability in mind.
Unit 1 (First Floor & Basement)
Bedrooms/Baths: 3 Bedrooms, 2 Full Bathrooms
Living Area: Modern open-concept layout connecting the kitchen, dining, and living spaces.
Outdoor Access: Direct door access to the private backyard.
Basement Level: Full unfinished walk-out basement complete with a half bathroom—ideal for extra tenant storage, workshop space, or future finished expansion.
Parking: Direct internal access to the oversized garage.
Unit 2 (Second Floor)
Bedrooms/Baths: 3 Bedrooms, 2 Full Bathrooms
Access: Private, independent entry via a single flight of stairs.
Living Area: Bright, open-concept kitchen, dining, and living areas matching the first-floor footprint.
Key Features & Specifications
HVAC: Dedicated 2-zone Central A/C (1 independent zone per floor).
Utilities: Completely separate meters for gas, electric, and heating across both units.
Appliance Package: Quality Frigidaire appliance package standard, with buyer upgrade options available.
Parking & Storage: 1-car oversized garage (9 ft wide × 8 ft high) + paved 2-car driveway + abundant off-street cul-de-sac parking.
Estimated Taxes: Anticipated around $18,000 /year (subject to final municipal tax assessment).
$8,000+/Month Potential: The Financial Strategy
What makes 84 Miller Ave stand out in the Bergen County market is its income generation capacity. Turnkey 3-bedroom / 2-bathroom rental units in Elmwood Park command strong rents due to NYC proximity and low inventory.
1. The Pure Investor Model (Renting Both Units)
Unit 1 Rent: ~$3,500 – $3,800 / month
Unit 2 Rent: ~$4,000 – $4,200 / month
Garage & Storage Monetization: ~$300 – $500 / month (renting the oversized 9'x8' garage or walk-out basement space)
Total Gross Potential: $8,000+ / month ($96,000+ annual gross revenue)
2. The House-Hacker Model (Owner-Occupied)
By occupying Unit 1 (or Unit 2) and applying for primary residence financing (FHA 3.5% down or Conventional low-down options):
You secure lower primary-residence interest rates compared to investment loans.
The secondary unit's monthly rent offsets a major portion of your principal, interest, taxes, and insurance (PITI).
Address: 84 Miller Ave, Elmwood Park, NJ 07407 (Bergen County) Commuter Friendly: Easy access to Route 4, Route 46, Interstate 80, and the Garden State Parkway.
Offers direct access to NYC via NJ Transit bus options and nearby train stations (Plauderville / Broadway stations).
Desirable Bergen County Suburb: Quiet residential setting within walking distance to local schools (Gilbert Ave Elementary, Elmwood Park Middle) and public parks.
Strong Rental Demand: High demand for multi-family rentals in Bergen County ensures low turnover and competitive monthly rents for 3-bedroom units.
Unit 1 (First Floor & Basement)
Bedrooms/Baths: 3 Bedrooms, 2 Full Bathrooms
Living Area: Modern open-concept layout connecting the kitchen, dining, and living spaces.
Outdoor Access: Direct door access to the private backyard.
Basement Level: Full unfinished walk-out basement complete with a half bathroom—ideal for extra tenant storage, workshop space, or future finished expansion.
Parking: Direct internal access to the oversized garage.
Unit 2 (Second Floor)
Bedrooms/Baths: 3 Bedrooms, 2 Full Bathrooms
Access: Private, independent entry via a single flight of stairs.
Living Area: Bright, open-concept kitchen, dining, and living areas matching the first-floor footprint.
Key Features & Specifications
HVAC: Dedicated 2-zone Central A/C (1 independent zone per floor).
Utilities: Completely separate meters for gas, electric, and heating across both units.
Appliance Package: Quality Frigidaire appliance package standard, with buyer upgrade options available.
Parking & Storage: 1-car oversized garage (9 ft wide × 8 ft high) + paved 2-car driveway + abundant off-street cul-de-sac parking.
Estimated Taxes: Anticipated around $18,000 /year (subject to final municipal tax assessment).
$8,000+/Month Potential: The Financial Strategy
What makes 84 Miller Ave stand out in the Bergen County market is its income generation capacity. Turnkey 3-bedroom / 2-bathroom rental units in Elmwood Park command strong rents due to NYC proximity and low inventory.
1. The Pure Investor Model (Renting Both Units)
Unit 1 Rent: ~$3,500 – $3,800 / month
Unit 2 Rent: ~$4,000 – $4,200 / month
Garage & Storage Monetization: ~$300 – $500 / month (renting the oversized 9'x8' garage or walk-out basement space)
Total Gross Potential: $8,000+ / month ($96,000+ annual gross revenue)
2. The House-Hacker Model (Owner-Occupied)
By occupying Unit 1 (or Unit 2) and applying for primary residence financing (FHA 3.5% down or Conventional low-down options):
You secure lower primary-residence interest rates compared to investment loans.
The secondary unit's monthly rent offsets a major portion of your principal, interest, taxes, and insurance (PITI).
Address: 84 Miller Ave, Elmwood Park, NJ 07407 (Bergen County) Commuter Friendly: Easy access to Route 4, Route 46, Interstate 80, and the Garden State Parkway.
Offers direct access to NYC via NJ Transit bus options and nearby train stations (Plauderville / Broadway stations).
Desirable Bergen County Suburb: Quiet residential setting within walking distance to local schools (Gilbert Ave Elementary, Elmwood Park Middle) and public parks.
Strong Rental Demand: High demand for multi-family rentals in Bergen County ensures low turnover and competitive monthly rents for 3-bedroom units.
Location
State NJ
County Bergen
Others
Virtual Tour https://www.youtube.com/shorts/BC-IO5-L100
Listed by Garima Verma • LivX
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