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Description

116 Milligan is one of 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, 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. 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. THIS PROPERTY DEEDED SEPARATELY FROM 112 MILLIGAN, BUT THEY ARE BEING SOLD TOGETHER. PLEASE ALSO SEE MLS # 3939730 FOR DETAILS

Features

Heating System : Radiators - Steam
Basement
Basement Description: Bilco-Style Door
Kitchen : Eat-in Kitchen
Roof Deck : Asphalt Shingle
Parking Description: See Remarks
Furnished : Wood, Laminate
Interior Features: Blinds, Carbon Monoxide Detector, Fire Extinguishe
Exterior Features: Open Porch(es), Patio, Privacy Fence
Tax Assessed Valuation: 398300
Sewer: Public Sewer
Style: 1/2 Duplex
Water: Public Water

Appliances

Appliances Description: Carbon Monoxide Detector
Utilities: Electric, Gas-Natural
Internet

Additional Info

Office Name: COLDWELL BANKER REALTY
Office MLS ID: 002497
Agent ID: 290357
Tax: 11423
Tax Year: 2023
Application Fee: $0

Residential

$689,500

116 Milligan Pl, South Orange Village Twp., *

0.07 Acre
5
2
Built Year 1908

Details

Property Type: Residential
Property Sub Type: Single Family
Listing Type:
Listing ID: 5330769
Price: $689,500
Bedrooms: 5
Bathrooms: 2
Full Bathrooms: 2
Half Bathrooms: 0
Square Footage: 0 Sqft
Year Built: 1908
Year Built Description: Approximate
Lot Area: 0.07 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: 116
Street Direction: Prospect or Academy to Milligan
Floor Number: 0
Longitude: W75° 44' 33''
Latitude: N40° 44' 38''
Internet Display Address: Yes