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Description

112-116 Milligan are two conjoining duplex rental properties with extensive income potential, an ideal location close to Seton Hall campus & downtown South Orange, and updates throughout. The current owners have had zero vacancy since 2011 on either side, and have completed major capital improvements during their ownership including roof, windows, column and front porch replacement, added full bathrooms, and updated flooring, kitchens and mechanicals. Rent has the potential to increase in correlation with market value, and existing leases based on the University schedule/habitable cadence. 112-116 Milligan has an impressive footprint, recent upgrades, and a consistent stream of eligible renters in a location that has regular and reliable needs for housing opportunities, creating the ideal climate for steady return on investment. Also great for Owner-Occupied! Don't let this stellar opportunity pass you by. THESE PROPERTIES ARE DEEDED SEPARATELY FROM EACH OTEHR AND WILL CLOSE AS 2 SEPERATE TRANSACTIONS, BUT ARE BEING SOLD TOGETHER. PLEASE SEE MLS # 3939730 & 3939734 FOR DETAILS

Features

Heating System : Radiators - Steam
Basement : Walkout, Bilco-style Door
Roof Deck : Asphalt Shingle
Parking : 2
Parking Description: 2 Car Width, Blacktop
Interior Features: Blinds, Carbon Monoxide Detector, Fire Extinguishe
Exterior Features: Open Porch(es), Privacy Fence
Tax Assessed Valuation: 861900
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: 23677
Tax Year: 2023
Application Fee: $0

Multi-Family For Sale

For Sale

$1,379,000

112 Milligan Pl, South Orange Village Twp., *

0.14 Acre
10
Built Year 1908

Details

Property Type: Multi-Family
Listing Type: For Sale
Listing ID: 5330779
Price: $1,379,000
Bedrooms: 10
Bathrooms: 0
Half Bathrooms: 0
Square Footage: 0 Sqft
Year Built: 1908
Year Built Description: Approximate
Lot Area: 0.14 Acre
Status: Active
Days On Market: 0

Contact Agent

Email:

wp@applicationx.net

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Map

Address Map

Country US
County Essex
City South Orange Village Twp.
Zipcode *
Street: Milligan Pl
Street Number: 112
Street Direction: Academy or Prospect to Milligan
Floor Number: 0
Longitude: W75° 44' 32.7''
Latitude: N40° 44' 38.1''
Internet Display Address: Yes