Off-Market Property at 100 Old Hollow Rd, Short Hills, NJ, 07078
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100 Old Hollow Rd, Short Hills, NJ, 07078

$1,480,000

Description

Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $334 per day, based on similar listings in the area. Estimated short-term cap rate of -3.7%. Nestled behind lush landscaping on a tree-lined street, this elegant 3-bedroom, 3.5-bathroom home exudes character and charm. Upon entering, you're greeted by a formal living room with crisp crown moldings, recessed lighting, and a wood-burning fireplace. This opens to a family room with a vaulted ceiling and oversized windows that bathe the area in natural light. The formal dining room leads to an open kitchen with a spacious island, granite countertops, stainless steel appliances, skylights, and a breakfast area overlooking the fully fenced, green backyard with a blue-stone patio. From the kitchen, step directly into the screened porch and patio, perfect for outdoor entertaining.The main level includes a fabulous primary suite with a full bath featuring a soaking tub, stall shower, and a roomy walk-in closet. Upstairs, two bedrooms and a hall bath offer comfortable accommodations. The fully finished lower level hosts two recreation rooms, one au-pair space with a full bathroom and walk-in closet, and a laundry room. The property also features two oversized garages with an EV charger.Situated in a cul-de-sac with a total lot size of 0.4 acre, this home offers ample potential for additions. Additional features include a new roof with skylights (2019), new ductless AC (2024), and new appliances. This house offers access to top-notch NJ public schools, easy commute to NYC, proximity to major highways, Newark Airport, Millburn downtown, parks, shops, and restaurants.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$19738
Bedrooms
3
Bathrooms
4
SQFT
17,424
Furnished
unknown
Year built
1948
Listing Status
Off Market
MLS
3912612

Short-term Rental Potential
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$59,064

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$84

Price/SQFT