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

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.

In-PersonVirtual Tour

Mon

Jun

Tue

Jun

Wed

Jun

Lynn Fitzgerald

lynn@lynnfitzgerald.com +1(866) 201-6210

$1,450,000

Est. payment - /mo

14 Beds

4 Baths

7,405 Sqft Lot

Save

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family

Listing Status Under Contract

Purchase Type For Sale

MLS Listing ID 3945745

Style Victorian, Multi Floor Unit

Bedrooms 14

Full Baths 4

HOA Y/N No

Year Built 1854

Annual Tax Amount $21,730

Tax Year 2024

Lot Size 7,405 Sqft

Property Sub-Type Single Family

Property Description

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 ($14,000/month with 3% increase in June) 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. Whether catering to students, commuters, or professionals, 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 (COMING SOON BUT CAN BE SHOWN IMMEDIATELY)

Location

State NJ

County Essex

Rooms

Basement Unfinished, Walkout

Kitchen Eat-In Kitchen

Interior

Heating Gas-Natural

Cooling Window A/C(s)

Heat Source Gas-Natural

Exterior

Exterior Feature Vinyl Siding

Utilities Available Electric, Gas-Natural

Roof Type Asphalt Shingle

Building

Sewer Public Sewer

Water Public Water

Architectural Style Victorian, Multi Floor Unit

Schools

High Schools Columbia

Others

Senior Community No

Ownership Fee Simple

Read Less Info

Listed by COLDWELL BANKER REALTY

Get More Information

Lynn Fitzgerald

+1(866) 201-6210

Team Lead | Realtor® | License ID: 0123770

Team Lead | Realtor® License ID: 0123770

120 Milligan Pl South Orange Village Twp., NJ 07079

Lynn Fitzgerald

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Get More Information