Homes for sale - 112 - 116 Milligan Pl, South Orange Village Twp., ...

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George Tsemberlis

g.tsemberlis@kw.com +1(973) 865-9937

$ 1,379,000

Est. payment | -/mo

10 Beds

4 Baths

5,734 SqFt

Save

$ 1,379,000

Est. payment | -/mo

Save

10 Beds

4 Baths

5,734 SqFt

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

Listed by COLDWELL BANKER REALTY

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(973) 865-9937

g.tsemberlis@kw.com

237 Lorraine Ave, Montclair, NJ, 07043, USA

112 - 116 Milligan Pl South Orange Village Twp., NJ 07079