Properties

Description

Rare Investment Opportunity - Legal Boarding House + Victorian Gem in Prime South Orange! Own two adjacent, income-generating properties. 120 & 122 Milligan Place offered together as a turnkey rental portfolio just steps from Seton Hall University and NYC Trains. Combined income is approx: $23,500/month. 120 Milligan (MLS #3979738) is a rare, legal boarding house, fully occupied, offering exceptional rental flexibility to individuals or groups. The first floor includes a 4-bedroom, 1 bath unit with a spacious kitchen, dining are, and private entrance. There is also a separate studio apartment with kitchenette, full bath, and its own entrance. The second and third floors contain 9 individually rental rooms with shared baths and common areas. Shared laundry and off-street parking add to the appeal.122 Milligan Place (GSMLS #3998001) is a beautifully maintained 11-bedroom, 3-bath Victorian with a wraparound porch, large yard, in-house laundry, and recent capital improvements. Current lease is $9,500/month. Both properties are ideally located near Seton Hall, and NYC Transport ensuring consistent demand from a wide variety of tenants. A rare, high-yield opportunity in one of NJ's strongest rental markets!

Features

  • Heating System : Baseboard - Hotwater
  • Cooling System : Window A/c(s)
  • Basement : Unfinished, Walkout
  • Roof Deck : Asphalt Shingle
  • Parking : 9
  • Parking Description: Additional Parking, Blacktop, Driveway-Shared
  • Interior Features: Carbon Monoxide Detector, Fire Extinguisher, Smoke
  • Tax Assessed Valuation: 866100
  • Sewer: Public Sewer
  • Water: Public Water

Appliances

  • Utilities: Electric, Gas-Natural
  • Internet

Additional Info

  • Office Name: COLDWELL BANKER REALTY
  • Office MLS ID: 002497
  • Agent ID: 290357
  • Tax: 21730
  • Tax Year: 2024
  • Application Fee: $0

Multi-Family For Sale

For Sale
$1,295,000

120 Milligan Pl, South Orange Village Twp., *

  • SQFT 0.17 Acre
  • Bedroom 14
  • Built Year 1854

Details

  • Property Type: Multi-Family
  • Listing Type: For Sale
  • Listing ID: 5397437
  • Price: $1,295,000
  • Bedrooms: 14
  • Bathrooms: 0
  • Half Bathrooms: 0
  • Square Footage: 0 Sqft
  • Year Built: 1854
  • Year Built Description: Approximate
  • Lot Area: 0.17 Acre
  • Status: Active
  • Days On Market: 0

Contact Agent

Sky Realty & Associates

Map

Address Map

  • Country US
  • County Essex
  • City South Orange Village Twp.
  • Zipcode *
  • Street: Milligan Pl
  • Street Number: 120
  • Street Direction: Prospect to Milligan
  • Floor Number: 0
  • Longitude: W75° 44' 33.4''
  • Latitude: N40° 44' 37.7''
  • Internet Display Address: Yes
Property