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120 Milligan Pl,South Orange Village Twp., NJ 07079-1908 | Wright Home Realty

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+01-123-4567

Listing Details

120 Milligan Pl,South Orange Village Twp., NJ 07079-1908

  • November 15, 2025

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 #3998001) 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!

Details

Last Updated On: November 15th, 2025 at 7:37 pm
Property ID:PT-11028907-AXZR
Offer Type:For Multi Family
Property Type:Multi-Family
Price: 1,295,000 $
Bedrooms:14
Year Built:1854

Additional Details

Listing Details

Status: Active

Location

County: Essex
Lotsize: .172 AC
Lot Identifier: 6
Lot Identifier: 6

Home Details

Open Parking: 9
Basement: Yes
Basmnt/Desc: Yes - Unfinished, Walkout
Acreage: 0.17
Total Baths: 4.00
Unit Style: 3-Three Story
Number of Units: 3
Rooms: 17
Easement/Desc: Unknown
Exterior Description: Vinyl Siding
Roof Description: Asphalt Shingle
Possesion: AT CLOSE
Unit 1 Appliances/Equipment: CarbMDet,CeilFan,CookGas,Dishwshr,KitExhFn,Refrig,SmokeDet,OvnWGas
Unit 1 Levels: 1
Unit 1 Rooms: 6
Unit 1 Beds: 4
Unit 1 Baths: 1.0
Unit 1 Owner/Tenant Pays: Owner Pays Electric, Owner Pays Gas, Owner Pays Heat, Owner Pays Water
Unit 1 Handicap: No
Unit 1 Rent: 4120
Unit 1 Room Description: Bedrooms, Eat-In Kitchen, Living/Dining Room
Unit 2 Appliances/Equipment: Carbon Monoxide Detector, Smoke Detector
Unit 2 Levels: 1
Unit 2 Rooms: 2
Unit 2 Beds: 1
Unit 2 Baths: 1.0
Unit 2 Owner/Tenant Pays: Owner Pays Electric, Owner Pays Gas, Owner Pays Heat, Owner Pays Water
Unit 2 Handicap: No
Unit 2 Rent: 1458
Unit 2 Room Description: Bedrooms, Kitchen
Unit 3 Appliances/Equipment: Carbon Monoxide Detector, Smoke Detector
Unit 3 Levels: 2
Unit 3 Rooms: 9
Unit 3 Beds: 9
Unit 3 Baths: 2.0
Unit 3 Owner/Tenant Pays: Owner Pays Electric, Owner Pays Gas, Owner Pays Heat, Owner Pays Water
Unit 3 Handicap: No
Unit 3 Rent: 8417
Unit 3 Room Description: Bedrooms
Color of Building: TAN
Block Identifier: 2011
County Number: 16
Town Number: 1619
YB/Desc: 1854 - Approximate
Color of Building: TAN
Easement: Unknown
Parking/Driveway Description: Additional Parking, Blacktop, Driveway-Shared
Block Identifier: 2011
County Number: 16
Town Number: 1619
Possession: AT CLOSE

Taxes, Fees & Assessments

Gross Operating Income: 13995
Net Operating Income: 9800
Tax ID For Property: 1619-02011-0000-00006-0000-
Tax Amount: $21,730.00
Tax Year: 2024
Tax Rate: 2.509%
Tax Rate Year: 2025
Land Assessment: $264,900.00
Building Assessment: $601,200.00
Total Assessment: $866,100.00
FHA Age Restricted: No

Utilities

Heat Source: Gas-Natural
Heat System: Baseboard - Hotwater
Cool System: Window A/C(s)
Water: Public Water
Sewer: Public Sewer
Utilities: Electric, Gas-Natural

Schools

High School: COLUMBIA

Features

  • Carbon Monoxide Detector
  • Fire Extinguisher
  • Smoke Detector

Statistics

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