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120 Milligan Pl

South Orange Village Twp., NJ 07079
  • $1,550,000
  • STATUS: Active
  • ON SITE: 60 Days
  • MLS #: 3897532
UPDATED: 66 min ago
$1,550,000
  • 14
    BEDS
  • 0.17
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
County:

School Ratings & Info

Description

Amazing Investment Opportunity! Welcome to a legal boarding house nestled on a serene street, resting on a sprawling lot. Features 14 expansive bedrooms and generous living spaces, presenting unmatched potential. The property has a 4 bedroom unit on the ground floor, 9 individual one bedroom rooming units on the 2nd and 3rd floor, and studio unit in the back of the home. Generating close to $14,000 RENT ROLL PER MONTH! it ensures promising returns. Located within a few blocks from Seton Hall University. **Seller financing option available pending approval.** Special package deal: Both properties, including 122 Milligan, owner would prefer to sell them as a package deal. Sold 'as is'.

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Garden State MLS logo © 2024 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Trompeter Real Estate. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Trompeter Real Estate are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-06-23T20:46:21.61.
www.trompeterrealestate.com/homes/149829805
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120 Milligan Pl South Orange Village Twp., NJ 07079

  • Price: $1,550,000
  • Status: Active
  • On Site: 60 Days
  • Updated: 66 min ago
  • MLS #: 3897532
14
Beds
4
Baths
0
½ Baths
0.17
Acres
County:
Essex
Area:
South Orange Village Twp.
Property Description
Amazing Investment Opportunity! Welcome to a legal boarding house nestled on a serene street, resting on a sprawling lot. Features 14 expansive bedrooms and generous living spaces, presenting unmatched potential. The property has a 4 bedroom unit on the ground floor, 9 individual one bedroom rooming units on the 2nd and 3rd floor, and studio unit in the back of the home. Generating close to $14,000 RENT ROLL PER MONTH! it ensures promising returns. Located within a few blocks from Seton Hall University. **Seller financing option available pending approval.** Special package deal: Both properties, including 122 Milligan, owner would prefer to sell them as a package deal. Sold 'as is'.
Exterior Features

Approximate Lot Size .172 AC Exterior Description Vinyl Siding Number Of Parking Spaces 7 Parking Driveway Description Additional ParkingBlacktopDriveway-Shared Roof Description Asphalt Shingle

Interior Features

Basement Yes Basement Description Unfinished Cooling Window A/C(s) Heating Baseboard - Hotwater Total Number Of Rooms 17 Unit1 Appliances Equipment CarbMDetRefrigOvnWGas Unit1 Baths 1.0 Unit1 Bedrooms 4 Unit1 Fireplaces 0 Unit1 Handicap Modified No Unit1 Levels 1 Unit1 Room Description BedroomsFamily RoomKitchen Unit1 Rooms 6 Unit1 Security Deposit 0 Unit1 Sq Ft 0 Unit2 Appliances Equipment Carbon Monoxide Detector Unit2 Baths 1.0 Unit2 Bedrooms 1 Unit2 Fireplaces 0 Unit2 Levels 1 Unit2 Room Description Bedrooms Unit2 Rooms 3 Unit2 Sq Ft 0 Unit3 Baths 1.0 Unit3 Bedrooms 9 Unit3 Fireplaces 0 Unit3 Levels 1 Unit3 Room Description Bedrooms Unit3 Rooms 9 Unit3 Sq Ft 0

Property Features

Assessment Total 541300 Building Assessment 343800 Easement Yes Easement Description Driveway Fha Age Restricted No Fuel Type Gas-Natural Gross Operating Income 161220 Land Assessment 197500 Net Operating Income 118152 Tax Amount 19687 Tax Rate Amount 3.637 Tax Rate Year 2023 Tax Year 2023 Total Operating Expense 43068 Unit Style 3-Three Story Unit1 Owner Tenant Pays Owner Pays ElectricOwner Pays GasOwner Pays HeatOwner Pays Water Unit1 Rent 0 Unit2 Handicap Modified No Unit2 Owner Tenant Pays Owner Pays ElectricOwner Pays GasOwner Pays HeatOwner Pays Water Unit2 Rent 0 Unit2 Security Deposit 0 Unit3 Handicap Modified No Unit3 Owner Tenant Pays Owner Pays ElectricOwner Pays GasOwner Pays HeatOwner Pays Water Unit3 Rent 0 Unit3 Security Deposit 0

Listing information © 2024 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of Exp Realty, Llc: 973-356-9515.


Garden State MLS logo © 2024 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Trompeter Real Estate. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Trompeter Real Estate are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-06-23T20:46:21.61.
 
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