122 Milligan Pl | South Orange Village Twp.

$1,150,000 | 11 Beds | 3 Baths (3 Full)

Prime Income Property in the Heart of South Orange - Steps from Seton Hall! Discover an exceptional investment opportunity with this stunning Victorian home in the heart of South Orange. Boasting 11 bedrooms and 3 full baths and in house laundry, this expansive property offers a unique blend of historic charm and modern convenience, perfect for generating significant passive income.The home features a wrap-around front porch, ideal for relaxation, and ample yard space, adding to its appeal. Inside, spacious rooms provide comfortable living arrangements, making it a sought-after rental property. Recent capital improvements ensure long-term value and minimal maintenance concerns for the next owner. With its most recent lease at $9,500/month, this property presents strong, consistent rental income. Its prime location just blocks from Seton Hall University ensures steady demand from students and faculty alike. Additionally, the home is conveniently situated near shops, restaurants, NYC transportation, and all that South Orange has to offer. Whether you're an investor looking for a high-yield asset or someone seeking a turn-key rental property in a thriving community, this Victorian gem is not to be missed. GSMLS 3949353

Directions to property: Prospect to Milligan

MLS Listing ID: 
GSMLS 3949353
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Status (Local): 
Active
Listing Status Accepting Offers: 
1
Community Information
High: 
COLUMBIA
Building Details
Details about the building on a property.
Architectural Style: 
Victorian
Year Built: 
1873
New Construction: 
0
Basement: 
Unfinished
Interior: 
Carbon Monoxide Detector, Fire Extinguisher, High Ceilings, Smoke Detector
Fireplaces: 
Yes
Construction
Roof: 
Asphalt Shingle
Exterior: 
Wood
Exterior Features: 
Open Porch(es)
Energy Information: 
Electric, Gas-Natural
Porch: 
No
Deck: 
No
Room Details
Details about the rooms in the building.
Total Rooms: 
15
Total Bedrooms: 
11
Total Bathrooms: 
3
Total Full-Bathrooms: 
3
Total Half-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Heating System: 
Baseboard - Hotwater
Heating System Fuel: 
Gas-Natural
Cooling System: 
Window A/C(s)
Water Source: 
Public Water
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.16
Lot Size (Dimensions): 
.158 AC
Waterfront: 
0
Lot Features
Driveway: 
None
Parking Type: 
None
Total Parking Spaces: 
0
Fence: 
No
Public Record
Parcel Number: 
1619-02011-0000-00007-0000-
Lot Number: 
7
Annual Tax: 
$19,562.00
Listing Dates
Dates involved in the transaction.
Listing Entry Date/Time: 
3/6/2025
Contract Details
Details about the listing contract.
Possession: 
AT CLOSE
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
COLDWELL BANKER REALTY