120 Milligan Pl South Orange Village Twp, NJ 07079
Property details
About 120 Milligan Pl
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)
Highlights
Summary
- MLS Number: 3945745
- Office Name: COLDWELL BANKER REALTY
- Office Phone: (646) 662-6655
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Last updated on: 2/22/2025, 12:55:47 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,450,000
120 Milligan Pl
$10,000
closing credit¹
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Price information
Property sales
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Tax history
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Nearby schools
6
Clinton Elementary School
Public District PK-5
0.6 mi
•27 Berkshire Rd
7
South Mountain Elementary School
Public District KG-5
0.8 mi
•444 W South Orange Ave
7
Jefferson Elementary School
Public District 3-5
1.2 mi
•518 Ridgewood Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $50,754. Residents of South Orange Village Twp, NJ typically earn less than $<35k each year. The majority of families are single, no kids. The majority of residents in this area have post secondary degree education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Art Museums
Major League Soccer (MLS)
Music Concerts
Where do the neighbors shop?
Bloomingdales
Banana Republic
H&M
Where do the neighbors go to eat?
Starbucks
Jack In The Box
Chipotle
What do the neighbors drive?
Audi
Toyota
Volkswagen
What do the neighbors listen to?
News
Jazz
Rhythmic Contemporary Hits
Frequently asked questions
About 120 Milligan Pl
This home is located at 120 Milligan Pl in South Orange Village Twp, NJ and zip code 07079. Features: 14 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since February 15, 2025 and is currently priced at $1,450,000.
In January 2025, from all listings sold in South Orange Village Twp, NJ there were more than 8 sold above asking price, over 0 sold below and more than 0 were sold right at the asked price. The number of homes for sale in South Orange Village Twp, NJ increased by 2.9% between December and January 2025.