120 Milligan Pl
South Orange Village Twp, NJ 07079
Price: $1,450,000
GSMLS: 3979738Type: Single Family
Style: Victorian
Beds: 14
Baths: 4 Full
Garage: No
Year Built: 1854
Acres: 0.17
Property Tax: $21,730
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 (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)
Rooms Sizes
Kitchen:
First
Dining Room:
First
Living Room:
First
Family Room:
n/a
Den:
n/a
Bedroom 1:
n/a
Bedroom 2:
n/a
Bedroom 3:
n/a
Bedroom 4:
n/a
Room Levels
Basement:
Laundry Room, Storage Room, Utility Room, Walkout
Ground:
4 Or More Bedrooms, Bath Main, Bath(s) Other, Dining Room, Kitchen, Living Room
Level 1:
n/a
Level 2:
4 Or More Bedrooms, Bath Main
Level 3:
4 Or More Bedrooms, Bath Main
Level Other:
n/a
Room Features
Kitchen:
Eat-In Kitchen
Dining Room:
n/a
Master Bedroom:
n/a
Bath:
n/a
Interior Features
Square Foot:
n/a
Year Renovated:
n/a
Basement:
Yes - Unfinished, Walkout
Full Baths:
4
Half Baths:
0
Appliances:
Carbon Monoxide Detector, Cooktop - Gas, Dishwasher, Dryer, Refrigerator, Wall Oven(s) - Gas, Washer
Flooring:
n/a
Fireplaces:
No
Fireplace:
n/a
Interior:
n/a
Exterior Features
Garage Space:
No
Garage:
n/a
Driveway:
Blacktop, Off-Street Parking
Roof:
Asphalt Shingle
Exterior:
Vinyl Siding
Swimming Pool:
n/a
Pool:
n/a
Utilities
Heating System:
Baseboard - Hotwater
Heating Source:
Gas-Natural
Cooling:
Window A/C(s)
Water Heater:
n/a
Water:
Public Water
Sewer:
Public Sewer
Services:
n/a
Lot Features
Acres:
0.17
Lot Dimensions:
n/a
Lot Features:
n/a
School Information
Elementary:
n/a
Middle:
n/a
High School:
n/a
Community Information
County:
Essex
Town:
South Orange Village Twp.
Neighborhood:
n/a
Application Fee:
n/a
Association Fee:
n/a
Fee Includes:
n/a
Amenities:
n/a
Pets:
n/a
Financial Considerations
List Price:
$1,450,000
Tax Amount:
$21,730
Land Assessment:
$264,900
Build. Assessment:
$601,200
Total Assessment:
$866,100
Tax Rate:
2.51
Tax Year:
2024
Ownership Type:
Fee Simple
Listing Information
MLS ID:
3979738
List Date:
08-06-2025
Days On Market:
0
Listing Broker:
COLDWELL BANKER REALTY
Listing Agent:
Request More Information
Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: MeadowsRoxbury.com
