NJ > South Orange Village Twp.
South Orange Village Twp., NJ 07079,120 Milligan Pl
South Orange Village Twp., NJ 07079,120 Milligan Pl
South Orange Village Twp., NJ 07079,120 Milligan Pl
South Orange Village Twp., NJ 07079,120 Milligan Pl
South Orange Village Twp., NJ 07079,120 Milligan Pl
South Orange Village Twp., NJ 07079,120 Milligan Pl
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Tameka Tjerrell

Tameka Tjerrell

+1(609) 277-3257
$ 1,450,000
Est. payment | /mo

14 Beds

4 Baths

7,405 Sqft Lot

Save
$ 1,450,000
Est. payment | /mo
Save

14 Beds

4 Baths

7,405 Sqft Lot

Key Details

Property Type Multi-Family, Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 3945738

Style 3-Three Story

Bedrooms 14

Full Baths 4

Year Built 1854

Annual Tax Amount $21,730

Tax Year 2024

Lot Size 7,405 Sqft

Property 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)

Location

State NJ

County Essex

Rooms

Basement Unfinished, Walkout

Interior

Interior Features Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector

Heating Gas-Natural

Cooling Window A/C(s)

Heat Source Gas-Natural

Exterior

Exterior Feature Vinyl Siding

Utilities Available Electric, Gas-Natural

Roof Type Asphalt Shingle

Building

Sewer Public Sewer

Water Public Water

Architectural Style 3-Three Story

Schools

High Schools Columbia

Others

Senior Community No

Garden State MLS(GSMLS)
Information deemed reliable but not guaranteed. Copyright © 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Listed by COLDWELL BANKER REALTY
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+1(609) 277-3257

info@tntpremierproperties.net

381 Egg Harbor Rd, Sewell, NJ, 08080, United States

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120 Milligan Pl