120 Milligan Pl
South Orange Village Twp, NJ 07079
Price: $1,450,000
GSMLS: 3945738Type: Multi-Family
Style: 3-Three Story
Total Units: 3
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 ($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)
General Info
Style:
3-Three Story
SqFt Building:
n/a
Total Rooms:
17
Basement:
Yes - Unfinished, Walkout
Interior:
Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector
Roof:
Asphalt Shingle
Exterior:
Vinyl Siding
Lot Size:
n/a
Lot Desc:
n/a
Parking
Garage Capacity:
No
Description:
n/a
Parking:
Additional Parking, Blacktop, Driveway-Shared
Spaces Available:
9
Unit 1
Bedrooms:
4
Bathrooms:
1
Total Rooms:
6
Room Description:
Bedrooms, Eat-In Kitchen, Living/Dining Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
CarbMDet,CeilFan,CookGas,Dishwshr,KitExhFn,Refrig,SmokeDet,OvnWGas
Utilities:
Owner Pays Electric, Owner Pays Gas, Owner Pays Heat, Owner Pays Water
Handicap:
No
Unit 2
Bedrooms:
1
Bathrooms:
1
Total Rooms:
2
Room Description:
Bedrooms, Kitchen
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Smoke Detector
Utilities:
Owner Pays Electric, Owner Pays Gas, Owner Pays Heat, Owner Pays Water
Handicap:
No
Unit 3
Bedrooms:
9
Bathrooms:
2
Total Rooms:
9
Room Description:
Bedrooms
Levels:
2
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Smoke Detector
Utilities:
Owner Pays Electric, Owner Pays Gas, Owner Pays Heat, Owner Pays Water
Handicap:
No
Unit 4
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Utilities
Heating:
Baseboard - Hotwater
Heating Fuel:
Gas-Natural
Cooling:
Window A/C(s)
Water Heater:
n/a
Water:
Public Water
Sewer:
Public Sewer
Utilities:
Electric, Gas-Natural
Services:
n/a
School Information
Elementary:
n/a
Middle:
n/a
High School:
COLUMBIA
Community Information
County:
Essex
Town:
South Orange Village Twp.
Neighborhood:
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
Listing Information
MLS ID:
3945738
List Date:
02-12-2025
Days On Market:
52
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: FoxHomeHunter.com
