Home Details for 120 Milligan Pl

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!

• Heating Information

  • Baseboard
  • Natural Gas

• Basement

  • Unfinished
  • Walk-Out Access

• Cooling Information

  • Window Unit(s)

• Water Features

  • Public

• Utilities

  • Natural Gas Available

• Parking

  • Shared Driveway