120 Milligan Pl
South Orange Village Twp, NJ 07079
Price: $1,450,000
GSMLS: 3979742Type: 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 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!
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:
3979742
List Date:
08-06-2025
Days On Market:
1
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: MorrisCountyLiving.com
