973.595.1500
120 Milligan Pl South Orange Village Twp. 07079-1908
$1295000

Details

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!

Basic Information

County : Essex
Style :
Rooms : 17
Bedrooms : 14
Full Baths : 4
Half Baths : 0
Total Baths : 4
LotSize : .172 AC
Acres : 0
Living Room Level :
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Bedroom 1 Level :
Bedroom 2 Level :
Bedroom 3 Level :
Bedroom 4 Level :
Basement/Description : ,
Garage :
HeatSource :
Heat System :
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Additional Information

Tax Amount : 21730
Tax Year : 2024
Association Fee :
Grade School :
Middle School :
High School : COLUMBIA