120 Milligan Pl | South Orange Village Twp.

$1,450,000 | 14 Beds | 4 Baths (4 Full)

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 #3979734) GSMLS 3979738

Directions to property: Prospect to Milligan

MLS Listing ID: 
GSMLS 3979738
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Status (Local): 
Active
Listing Status Accepting Offers: 
1
Building Details
Details about the building on a property.
Architectural Style: 
Victorian
Year Built: 
1854
New Construction: 
0
Basement: 
Unfinished, Walkout
Fireplaces: 
No
Construction
Roof: 
Asphalt Shingle
Exterior: 
Vinyl Siding
Energy Information: 
Electric, Gas-Natural
Porch: 
No
Deck: 
No
Room Details
Details about the rooms in the building.
Total Rooms: 
17
Total Bedrooms: 
14
Total Bathrooms: 
4
Total Full-Bathrooms: 
4
Total Half-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Heating System: 
Baseboard - Hotwater
Heating System Fuel: 
Gas-Natural
Cooling System: 
Window A/C(s)
Water Source: 
Public Water
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.17
Lot Size (Dimensions): 
.172 AC
Waterfront: 
0
Lot Features
Driveway: 
Blacktop, Off-Street Parking
Parking Type: 
Blacktop, Off-Street Parking
Total Parking Spaces: 
9
Fence: 
No
Public Record
Parcel Number: 
1619-02011-0000-00006-0000-
Lot Number: 
6
Annual Tax: 
$21,730.00
Listing Dates
Dates involved in the transaction.
Listing Entry Date/Time: 
8/6/2025
Contract Details
Details about the listing contract.
Possession: 
AT CLOSE
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
COLDWELL BANKER REALTY