120 Milligan Pl, South Orange Village Twp., NJ 07079
Local realty services provided by:ERA Suburb Realty Agency
120 Milligan Pl,South Orange Village Twp., NJ 07079
$1,450,000
- 14 Beds
- 4 Baths
- - sq. ft.
- Single family
- Active
Listed by:katherine elliott
Office:coldwell banker realty
MLS#:3979738
Source:NJ_GSMLS
Price summary
- Price:$1,450,000
About this home
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 (Approx $14,000/month) 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. Catering to a wide variety of tenants, 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 (MLS #3979734)
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Home facts
- Year built:1854
- Listing ID #:3979738
- Added:215 day(s) ago
- Updated:September 06, 2025 at 02:17 PM
Rooms and interior
- Bedrooms:14
- Total bathrooms:4
- Full bathrooms:4
Heating and cooling
- Cooling:Wall A/C Unit(s)
- Heating:Baseboard - Hotwater
Structure and exterior
- Roof:Asphalt Shingle
- Year built:1854
- Lot area:0.17 Acres
Utilities
- Water:Public Water
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,450,000
- Tax amount:$21,730 (2024)
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