120 Milligan Pl
South Orange Village Twp, NJ 07079
Price: $1,295,000
GSMLS: 3998003Type: 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 #3998001)
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:
$1,295,000
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:
3998003
List Date:
11-14-2025
Days On Market:
57
Listing Broker:
COLDWELL BANKER REALTY
Listing Agent:
Katherine Elliott
Request More Information
Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: WillowWalkCondos.com
