120 Milligan Place

South Orange, NJ 07079

$1,550,000
Price
14
Beds
4
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

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....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'.
  1. Listed by ELSON BRIAN GONZALEZ • EXP REALTY, LLC
  2. Listed by MIRANDA RAQUEL ROSA • EXP REALTY, LLC

Property Details for 120 Milligan Place

Directions
Please use google maps.
Days On Market
38

Location

Listing Courtesy of EXP REALTY, LLC, ELSON BRIAN GONZALEZ; EXP REALTY, LLC, MIRANDA RAQUEL ROSA
Add your commute
LISTING UPDATED: 05/30/2024 06:06 PM

Property Details for 120 Milligan Place

StatusActive
MLS #3897532
Days on Market40
Taxes$19,687 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / 3-Three Story
Year Built-
Lot Size0.17 AC / 7,405 SF
CountyEssex County

Location

Listing Courtesy of EXP REALTY, LLC, ELSON BRIAN GONZALEZ; EXP REALTY, LLC, MIRANDA RAQUEL ROSA
Add your commute

Building Information for 120 Milligan Place

Stories-Residences3Year Built-Building Size-Lot Size0.17 AC / 7,405 SF

Payment Calculator

$10,100 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,459

Property Taxes

$1,641

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 120 Milligan Place

Summary
Location and General Information
  • Active Days on Market: 38
  • County #: Essex
  • Town Name: South Orange Village Twp.
  • Block Identifier: 2011
  • Listing Type: Exclusive Right to Sell
  • Town #: 1619.0
  • Street # Display: 120.0
  • # Parking Spaces: 7
  • County Or Parish: Essex
  • Street Name: Milligan Pl
  • Zip Code: 07079-1908
  • Total Units: 3
Taxes and HOA Information
  • Assess Total Tax: *
  • Assess Amt Land Tax: *
  • Assess Amt Bldg Tax: *
  • Block ID Tax: *
  • Acres Tax: *
  • County Tax: *
  • Tax Amount: $19,687
  • Street name Tax: *
  • Zip Code Tax: *
  • Street # Tax: *
  • City Tax: *
  • Tax Amount Tax: *
  • Assessment Total: 541300.0
  • Tax ID For Property: 1619-02011-0000-00006-0000-
  • Tax Rate Amount: $4
  • Tax Rate Tax: *
  • Tax Rate Year: 2023
  • Tax Year: 2023
  • Tax Year Tax: *
  • Lot ID Tax: *
  • Lot Size Tax: *
Parking
  • Parking/Driveway Description: Additional Parking, Blacktop, Driveway-Shared
Property
Lot Information
  • Lot Identifier: 6
  • Approximate Lot Size: .172 AC
  • Total Acres: 0.17
Property and Assessments
  • Assessment Bldg: 343800.0
  • Assessment Land: 197500.0
Utilities
  • Cooling: Window A/C(s)
  • Heating: Baseboard - Hotwater
  • Fuel Type: Gas-Natural
Interior and Exterior Features
Exterior Features
  • Exterior Description: Vinyl Siding
Interior Features
  • Roof Description: Asphalt Shingle
  • Basement: Yes
  • Basement Description: Unfinished
  • Easement Desc: Driveway
  • Easement: Yes
Multi Family
Unit 1 Information
  • Unit 1 Appl/Equip: CarbMDet, Refrig, OvnWGas
  • Unit 1 Baths: 1.0
  • Unit 1 Bedrooms: 4
  • Unit 1 Fireplaces: 0.0
  • Unit 1 Handicap Modified: No
  • Unit 1 Levels: 1.0
  • Unit 1 Owner/Tenant Pays: Owner Pays Electric, Owner Pays Gas, Owner Pays Heat, Owner Pays Water
  • Unit 1 Rent: 0.0
  • Unit 1 Room Description: Bedrooms, Family Room, Kitchen
  • Unit 1 Rooms: 6.0
  • Unit 1 Security Deposit: 0.0
  • Unit 1 Sq Ft: 0.0
Unit 2 Information
  • Unit 2 Appl/Equip: Carbon Monoxide Detector
  • Unit 2 Baths: 1.0
  • Unit 2 Bedrooms: 1
  • Unit 2 Fireplaces: 0.0
  • Unit 2 Handicap Modified: No
  • Unit 2 Levels: 1.0
  • Unit 2 Owner/Tenant Pays: Owner Pays Electric, Owner Pays Gas, Owner Pays Heat, Owner Pays Water
  • Unit 2 Rent: 0.0
  • Unit 2 Room Description: Bedrooms
  • Unit 2 Rooms: 3.0
  • Unit 2 Security Deposit: 0.0
  • Unit 2 Sq Ft: 0.0
Unit 3 Information
  • Unit 3 Appl/Equip: Carbon Monoxide Detector
  • Unit 3 Baths: 1.0
  • Unit 3 Bedrooms: 9
  • Unit 3 Fireplaces: 0.0
  • Unit 3 Handicap Modified: No
  • Unit 3 Levels: 1.0
  • Unit 3 Owner/Tenant Pays: Owner Pays Electric, Owner Pays Gas, Owner Pays Heat, Owner Pays Water
  • Unit 3 Rent: 0.0
  • Unit 3 Room Description: Bedrooms
  • Unit 3 Rooms: 9.0
  • Unit 3 Security Deposit: 0.0
  • Unit 3 Sq Ft: 0.0
Multi-Family Information
  • Unit Style: 3-Three Story
Income & Expenses Information
  • Total Operating Expense: $43,068.00
  • Net Operating Income: $118,152.00
  • Gross Operating Income: $161,220.00

Property History for 120 Milligan Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 120 Milligan Place

Taxable ValueLand$197,500Additions$343,800Total$541,300
Tax Record2022$18,983 ($1,582 / month)
Home Facts
Beds0Total Finished SqFt4,226 SqFtAbove Grade Finished SqFt4,226 SqFtStories2Lot Size7,492 SqFtStyleSingle Family ResidenceYear Built1854ZoningR50CountyESSEXAPN19 02011-0000-00006

Schools near 120 Milligan Place

This home is within South Orange-Maplewood School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 1
Rating
School
Distance
South Mountain Annex
PublicPK to 5

South Orange Middle School
Public6 to 8

Columbia Senior High School
Public9 to 12

South Mountain Annex
PublicK to 1

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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120 Milligan Place is a multi-family home for sale in South Orange, NJ 07079. This property was listed for sale on April 22, 2024 by EXP REALTY, LLC, it's currently listed at $1,550,000. This listing's school district is South Orange-Maplewood School District. Nearby schools include South Mountain Annex, South Orange Middle School and Columbia Senior High School. 120 Milligan Place is a 14-bed, 4-bath, multi-family home.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of EXP REALTY, LLC, ELSON BRIAN GONZALEZ; EXP REALTY, LLC, MIRANDA RAQUEL ROSA

The data relating to the real estate for sale and sold listing information on this website comes from the New Jersey Multiple Listing Service, Inc. Virtual Office Website (VOW) program. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Sold listings may have been listed and/or sold by a real estate brokerage other than (insert office name). All information deemed reliable but not guaranteed. NLMLS makes no representation or warranty regarding the accuracy of the data. This data and information is protected under federal copyright laws which prohibit the unauthorized copying or alternation of all or any part of copyrighted materials, including certain compilations of data and information. Copyright violators may be subject to severe fines and penalties under federal law. Source: New Jersey Multiple Listing Service Inc. Last date updated 06/01/2024 11:26 AM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.