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South Orange Village Twp., NJ 07079 120 Milligan Pl

Pending
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Presented By: COLDWELL BANKER REALTY; 646-662-6655
  • Garden State MLS (GSMLS) - 38 - NJ
  • MLS# 3945745
  • 02/12/2025
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Disclaimer: The information contained in this listing has not been verified by MyHouseNJ.com and should be verified by the buyer.
  • Beds • 14
  • Baths • 4

Home Details

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)
Presented By: COLDWELL BANKER REALTY; 646-662-6655

Interior Features for 120 Milligan Pl

Bedrooms

Total Bedrooms14

Bathrooms

Half Baths

Kitchen

Kitchen FeaturesEat-In Kitchen
Kitchen LevelFirst

Other Interior Features

BasementUnfinished, Walkout
Fuel TypeGas-Natural
Total Fireplaces

Other Rooms

Level 3 Rooms4 Or More Bedrooms, Bath Main
Level 2 Rooms4 Or More Bedrooms, Bath Main
Ground Level Rooms4 Or More Bedrooms, Bath Main, Bath(s) Other, Dining Room, Kitchen, Living Room
Dining Room LevelFirst
Kitchen FeaturesEat-In Kitchen
Kitchen LevelFirst
Living Room LevelFirst

General for 120 Milligan Pl

AppliancesCarbon Monoxide Detector, Cooktop - Gas, Dishwasher, Dryer, Refrigerator, Wall Oven(s) - Gas, Washer
Architectural StyleVictorian, Multi Floor Unit
Community LivingNo
CoolingWindow A/C(s)
CountyEssex
DirectionsProspect to Milligan
DriveBlacktop, Off-Street Parking
EasementUnknown
Full Baths4
Garage Spaces
HeatingBaseboard - Hotwater
High SchoolCOLUMBIA
Open Parking Spaces9
OwnershipFee Simple
PossessionAT CLOSE
Possible UseMulti-Family
Primary StyleVictorian
RoofAsphalt Shingle
SewerPublic Sewer
Standard StatusUnder Contract
StatusUnder Contract
Sub Property TypeSingle Family
Tax Annual Amount21730
Tax Assessed Value866100
Tax Lot6
Tax Year2024
Total Rooms17
Town #1619
TownshipSouth Orange Village Twp.
UtilitiesElectric, Gas-Natural
Year Built1854

Exterior for 120 Milligan Pl

Exterior DescriptionVinyl Siding
Lot Dimensions.172 AC
Lot Size Acres0.17
Water SourcePublic Water

Additional Details

Price History

Schools

High School Columbia High School
Elementary School N/A
Middle School N/A

Glenn Wechsler and Rob DiMeo Team

Price $1,450,000
MLS#3945745
List Date 02/12/2025
Property Type Pending
Phone 201.777.0660
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Request Info
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