Active
120 Milligan Pl
South Orange Village Twp NJ, 07079
$1,450,000
Active
14 Beds
4 Baths
Residential
Built in 1854
Rare Legal Boarding House in Prime South Orange - Turnkey Income Property! An exceptional investment opportunity awaits with this rare, legal boarding house, a unique designation that ensures consistent monthly income ($14,000/month with 3% increase in June) and offers flexibility to rent to individuals or groups.The 1st floor Unit 1 features 4 spacious bedrooms, a large living/dining area, and an eat-in kitchen. A private entrance makes this space ideal for groups seeking a secure and comfortable living arrangement. A separate, 1st floor studio apartment with kitchenette, full bath, and private entrance offers another excellent rental opportunity. The 2nd and 3rd floors (considered Unit 3). contain 9 individually rented bedrooms, fully occupied, with several long-term tenants and no vacancies during ownership ensuring a reliable income stream. Additional on-property amenities include shared laundry facilities and off-street parking, a highly sought-after feature in this desirable location.Situated just down the block from South Orange Village's vibrant shops and restaurants, a short distance from Seton Hall University, and adjacent to the direct train to NYC, this property is perfectly positioned for high tenant demand. Whether catering to students, commuters, or professionals, this income-generating property is a rare and valuable find in one of New Jersey's most desirable rental markets. CAN BE SOLD AS A PACKAGE with 122 MILLIGAN (COMING SOON BUT CAN BE SHOWN IMMEDIATELY)
3945745
MLSⓇ ID
February 12, 2025
Listed
February 12, 2025
Updated
Interior Features
Bedrooms
14
Total Bathrooms
4
Full Bathrooms
4
Interior Features
Eat-in Kitchen
Appliances
Dishwasher, Dryer, Refrigerator, Washer
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.17 Acres
Architectual Style
Victorian
Roof
Asphalt
Sewer
Public Sewer
School Information
High School
COLUMBIA
Other Property Details
Taxes
$21,730
Tax Frequency
Annually
Garage
No
View
No
County
Essex
Water Source
Public
Pool
No
Courtesy of COLDWELL BANKER REALTY with KATHERINE ELLIOTT,
Listing Contact:
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