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Rare Legal Boarding House in Prime South Orange - Turnkey Income Property! An exceptional investment opportunity awaits with this rare, legal Boarding house, a unique designation that ensures consistent monthly income (Approx $14,000/month) and offers flexibility to rent to individuals or groups.The 1st floor Unit 1 features 4 spacious bedrooms, a large living/dining area, and an eat-in kitchen. A private entrance makes this space ideal for groups seeking a secure and comfortable living arrangement. A separate, 1st floor studio apartment with kitchenette, full bath, and private entrance offers another excellent rental opportunity. The 2nd and 3rd floors (considered Unit 3). contain 9 individually rented bedrooms, fully occupied, with several long-term tenants and no vacancies during Ownership ensuring a reliable income stream. Additional on-property amenities include shared laundry facilities and off-street parking, a highly sought-after feature in this desirable location.Situated just down the block from South Orange Village's vibrant shops and restaurants, a short distance from Seton Hall University, and adjacent to the direct train to NYC, this property is perfectly positioned for high tenant demand. Catering to a wide variety of tenants, this income-generating property is a rare and valuable find in one of New Jersey's most desirable rental markets. CAN BE SOLD AS A PACKAGE with 122 MILLIGAN (MLS #3979734)
| DAYS ON MARKET | 1 | LAST UPDATED | 8/6/2025 |
|---|---|---|---|
| YEAR BUILT | 1854 | COMMUNITY | South Orange |
| COUNTY | Essex | STATUS | Active |
| PROPERTY TYPE(S) | Single Family |
| ADDITIONAL DETAILS | |
| APPLIANCES | Dishwasher, Dryer, Refrigerator, Washer |
|---|---|
| AREA | South Orange |
| BASEMENT | Unfinished, Walk-Out Access, Yes |
| CONSTRUCTION | Vinyl Siding |
| INTERIOR | Eat-in Kitchen |
| LOT | 7405 sq ft |
| SEWER | Public Sewer |
| STYLE | Victorian |
| TAXES | 21730 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with COLDWELL BANKER REALTY
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