Off-Market Property at 91 Highland Ave, Short Hills, NJ, 07078
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91 Highland Ave, Short Hills, NJ, 07078

$3,195,000

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $2.2K per day, based on similar listings in the area. Estimated short-term cap rate of 10.4%. Luxurious modern amenities and updates meet early 20th century architectural integrity and exquisite details! Meticulous top-to-bottom renovated and expanded colonial located in Old Short Hills' iconic Historic District. Endless options for entertaining whether it be intimate dinner parties or large holiday gatherings, this incredible custom home has it all. Luxury finishes throughout feature intricate millwork, paneled walls, high ceilings, paired windows and fireplaces. Pristine property rests on approx 2/3 acres conveniently located just blocks to Short Hills Train. Circular driveway leads to glass-enclosed vestibule with access to bluestone patio and inviting foyer. Formal Living Room spans from front-to-back transitioning to light-filled Office/Sunroom. Formal Dining Room leads to Butler's Pantry, 2nd staircase and Chef's Eat-In Kitchen with granite counters, workspace, high-end appliances, oversized island + enormous breakfast area leading to Family Room with wall-of-windows plus French Door leading to expansive bluestone patio and private yard with lighting. Primary Suite with fireplace, dressing area, 2 walk-in closets, Sitting Room + Bathroom with radiant heated marble floors, dual vanity, soaking tub and shower. Junior Suite, 2 more bedrooms, Laundry Room and Full Bath complete 2nd floor. Spacious 3rd level with loft area, 3 more bedrooms and 2 full Baths. Lower level Rec Room with dry bar, Media Area, 2nd Laundry Room, Wine Room, half Bath, storage & yard access.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$46632
Bedrooms
7
Bathrooms
6
SQFT
27,878
Furnished
unknown
Year built
1905
Listing Status
Off Market
MLS
3866798

Short-term Rental Potential
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$583,836

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$114

Price/SQFT