1. New Jersey
  2. South Orange Village Twp.
  3. 120 Milligan Pl
$1,450,000

120 Milligan Pl, South Orange Village Twp., NJ 07079

  • 14 beds |
  • 4 baths
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1854
  • Property Lot Size Icon7,405sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 1 day ago

Property 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 #3979734) 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!

Listing Status:
Active
Listing Office:
COLDWELL BANKER REALTY : 973-378-8300
MLS ID:
3979742
  • General: Carbon Monoxide DetectorFire ExtinguisherSmoke Detector
  • Basement: UnfinishedWalkout
  • A/C: Window A/C(s)
  • Heating: Baseboard - HotwaterGas-Natural

This listing courtesy of COLDWELL BANKER REALTY

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

M

Marshall Elementary School

262 Grove Rd, South Orange, NJ, 07079

Grades KG-2

0.57 miles away

S

South Orange Middle School

70 N Ridgewood Rd, South Orange, NJ, 07079

Grades 6-8

0.41 miles away

C

Columbia High School

17 Parker Ave, Maplewood, NJ, 07040

Grades 9-12

0.70 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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#3956111 - COLDWELL BANKER REALTY