This is a legal 6 family...Present owner of 30 years has done minimal rent increases as the going rate per unit would be $1250 each and garages would rent for $125 each. Rent controlled building that's rent can be increased at aprox 2 1/2% p/yr. It is buyer's responsibility to confirm this information with proper town officials. When a unit becomes vacant, the going rate of rent ($1250) can then be obtained from new tenant. Rent control does not apply to 6 car garage renters. This can be increased immediately. Coin Op W/D in basement collects an additional $150 p/mo. Owner pays hallway lighting, gas & electric for W/D monthly PSE&G bill ranges from $80-$90Owner pays water $170-$200 p/mo Owner pays sewer $350 p/yr p/ unit Tenants pay own gas, electric, heat & hot water
Listing courtesy of KELLER WILLIAMS SUBURBAN REALTY.