112 - 116 Milligan Pl new Save Request In-Person Tour Request Virtual Tour
South Orange Village Twp.,NJ 07079
Key Details
Property Type Multi-Family, Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 5,734 sqft
Price per Sqft $240
MLS Listing ID 3939745
Style Duplex-Side by Side
Bedrooms 10
Full Baths 4
Year Built 1908
Annual Tax Amount $23,677
Tax Year 2023
Lot Size 6,098 Sqft
Property Description
112-116 Milligan are 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 on either side, 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. 112-116 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. THESE PROPERTIES ARE DEEDED SEPARATELY FROM EACH OTEHR AND WILL CLOSE AS 2 SEPERATE TRANSACTIONS, BUT ARE BEING SOLD TOGETHER. PLEASE SEE MLS # 3939730 & 3939734 FOR DETAILS
Location
State NJ
County Essex
Rooms
Basement Bilco-Style Door, Walkout
Interior
Interior Features Blinds, Carbon Monoxide Detector, Fire Extinguisher, High Ceilings, Smoke Detector, Vinyl-Linoleum Floors, Wood Floors
Heating Gas-Natural
Cooling None
Heat Source Gas-Natural
Exterior
Exterior Feature Aluminum Siding
Parking Features Attached Garage
Garage Spaces 1.0
Utilities Available Electric, Gas-Natural
Roof Type Asphalt Shingle
Building
Sewer Public Sewer
Water Public Water
Architectural Style Duplex-Side by Side
Schools
High Schools Columbia
Others
Senior Community No