Pending

Under Contract

116 Milligan Pl

South Orange Village Twp NJ, 07079

$689,500


Pending

Under Contract

5 Beds

2 Baths

Residential

Built in 1908

116 Milligan is one of two conjoining duplex rental properties with extensive income potential, an ideal location close to Seton Hall campus & downtown South Orange, and updates throughout. The current owners have had zero vacancy since 2011, and have completed major capital improvements during their ownership including roof, windows, column and front porch replacement, added full bathrooms, and updated flooring, kitchens and mechanicals. Rent has the potential to increase in correlation with market value, and existing leases based on the University schedule/habitable cadence. 116 Milligan has an impressive footprint, recent upgrades, and a consistent stream of eligible renters in a location that has regular and reliable needs for housing opportunities, creating the ideal climate for steady return on investment. Also great for Owner-Occupied! Don't let this stellar opportunity pass you by. THIS PROPERTY DEEDED SEPARATELY FROM 112 MILLIGAN, BUT THEY ARE BEING SOLD TOGETHER. PLEASE ALSO SEE MLS # 3939730 FOR DETAILS

3939734

MLS ID

January 3, 2025

Listed

January 10, 2025

Updated

Map

116 Milligan Pl
South Orange Village Twp NJ, 07079

Interior Features

Bedrooms

5


Total Bathrooms

2


Full Bathrooms

2


Interior Features

Eat-in Kitchen


Floor Description

Wood


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.07 Acres


Architectual Style

1/2 Duplex


Roof

Asphalt


Sewer

Public Sewer

School Information

High School

COLUMBIA

Other Property Details

Taxes

$11,423


Tax Frequency

Annually


Garage

No


View

No


County

Essex


Water Source

Public


Pool

No

Listing History

Date

Event

Price

1/10/2025

Pending

Courtesy of COLDWELL BANKER REALTY with KATHERINE ELLIOTT,
Listing Contact:  

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