Off-Market Property at 297 Lupine Way, Short Hills, NJ, 07078
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297 Lupine Way, Short Hills, NJ, 07078

$1,798,000

Description

Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $371 per day, based on similar listings in the area. Estimated short-term cap rate of -4.4%. This center hall Colonial home features 4 bedrooms, 2.1 bathrooms, is thoughtfully designed, and provides the right flow for seamless indoor /outdoor entertaining. Enter the home through its elegant foyer, spacious living room, dining room and sun-filled family room, gourmet eat-in kitchen with SS appliances (Sub-Zero). Walk through the glass door to the adjacent beautiful updated deck overlooking the private fenced-in backyard, with retractable deck awning which brings great protection from the elements that provides ideal place for al fresco dining. The 2nd floor offers a master suite with updated spa-like marble bath and walk-in closet, and 3 additional spacious bedrooms with a full bathroom. Fully finished multipurpose basement that includes a built in office area, book shelf, cabinets and a large multi-use space. Three finished levels for flexible living and ideal spaces for entertainment complete this modern and comfortable home located just a block away from the top-rated Glennwood elementary school. Short walk to Short Hills train station. Close to Millburn restaurants, shops, Short Hills Mall.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$25212
Bedrooms
4
Bathrooms
3
SQFT
7,405
Furnished
unknown
Year built
1971
Listing Status
Off Market
MLS
3906084

Short-term Rental Potential
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$61,392

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$242

Price/SQFT