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Asking Price - $1,450,000
Days on Market - 90
120 Milligan Place
South Orange Village , NJ 07079
Featured Agent
EveryHome Agent
Asking Price
$1,450,000
Days on Market
90
Bedrooms
14
Full Baths
4
Partial Baths
0
Acres
0.17
Age
171
Heating
Natural Gas
Cooling
Window Unit(s)
Water
Public
Sewer
Public
Garages
0
Basement
Walkout
Taxes (2024)
$21,730
Parking
Off Street Parking
Additional Details Below
EveryHome Agent
Views: 36
Featured Agent
EveryHome Realtor
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)
Location
Driving Directions
Prospect to Milligan
Listing Details
Summary
Architectural Type
•Victorian, Multi Floor Unit
Parking
•Blacktop, Off-Street Parking
Interior Features
Basement
•Unfinished, Walkout, Laundry Room, Storage Room, Utility Room, Walkout
Appliances
•Carbon Monoxide Detector, Cooktop - Gas, Dishwasher, Dryer, Refrigerator, Wall Oven(s) - Gas, Washer
Rooms List
•Kitchen: Eat-In Kitchen
• 2nd Floor Rooms: 4 Or More Bedrooms, Bath Main
• 3rd Floor Rooms: 4 Or More Bedrooms, Bath Main
• Ground Level: 4 Or More Bedrooms, Bath Main, Bath(s) Dining Room, Kitchen, Living Room
Utilities
Heating
•Baseboard - Hotwater, Gas-Natural
Additional Utilities
•Electric, Gas-Natural
Miscellaneous
Lattitude : 40.74381
Longitude : -74.25738
MLS# : 3979738
Views : 36
Listed By: Katherine Elliott of COLDWELL BANKER REALTY
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Notes
Page: © 2025 EveryHome, Realtors, All Rights Reserved.
The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright © 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.
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