Off-Market Property at 33 Hobart Ave, Short Hills, NJ, 07078
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33 Hobart Ave, Short Hills, NJ, 07078

$2,595,000

Description

Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $601 per day, based on similar listings in the area. Estimated short-term cap rate of -4.2%. Pristine Center Hall colonial on desired Hobart Avenue.5 Bed/3.5 Bath home has been updated to the highest standard while maintaining its original charm.Over .5 acre of lush, flat grounds.Covered porch opens into vestibule & oversized living room w/ fireplace.Window lined private office allows for flexible work space!A bright family room with built-ins, custom window treatments & fireplace includes direct access to a second patio.Gourmet white kitchen features inset custom cabinets, marble & granite countertops, walk-in pantry, Subzero, Viking 6 burner range, wine fridge, coffee bar & new dishwasher & disposal.Newly wallpapered formal dining room includes a new chandelier & Dutch Door leading to a large screened in porch.The second & third floors feature 5 thoughtfully renovated bedrooms & 3 full baths including the primary suite with 3 closets, new Starck carpet & spa-like ensuite bath w/ marble radiant heated floors.Finished basement features a rec room w/ new carpet, laundry room, workshop & craft/bonus room.Outdoor private yard offers 16 zone digital sprinkler system & bluestone patio overlooking mature landscaping, gardening shed & fire pit.2 Car detached garage w/ new door panel/openers.New Roof, new columns, new stoop, new driveway, new cedar shutters, new HVAC & furnace & backup sump pump.New Pella windows, new copper water line from street to house & newer washer & dryer.Newly repainted interior & exterior.Super close to town, train, schools & Taylor Park.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$31687
Bedrooms
5
Bathrooms
4
SQFT
25,265
Furnished
unknown
Year built
1923
Listing Status
Off Market
MLS
3912174

Short-term Rental Potential
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$87,876

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$102

Price/SQFT