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7 Beds
3 Baths

$674,900

216 Inslee Pl 2, Elizabeth City NJ, 07206

Property typeMulti-family

Overview

Active

Listed Jul 13, 2026

Updated 3h ago

RARE 2-UNIT OPPORTUNITY IN ELIZABETH - ASSUME A 2.25% FHA MORTGAGE!Why settle for today's higher interest rates? This spacious, well-maintained 2-unit property is offered at $624,900 and comes with a potentially valuable financing advantage: an assumable FHA mortgage with a 2.250% fixed interest rate.Qualified buyers may be able to combine the FHA loan assumption with a second mortgage, creating an estimated blended interest rate of approximately 4.636%. The seller estimates potential savings of about $1,000 per month compared with a traditional 30-year fixed loan.PROPERTY HIGHLIGHTS- Legal 2-unit property- 7 bedrooms total- 3 full bathrooms- Two living and dining areas- Remodeled first-floor kitchen and bathroom- Freshly painted first-floor unit- Spacious two-level second unit- Finished basement with full bathroom- Laundry hookups- Rear deck and backyard- Roof replaced in 2024- Excellent potential for owner occupancy, rental income, or multigenerational livingElizabeth, NJPrice: $624,900The 2.25% assumable FHA mortgage is the standout opportunity. Ask for the details and see if you qualify.Being sold AS IS. Buyers should independently verify FHA assumption eligibility, loan terms, property taxes, rental and use information, and all property details.

$4,490/mo

Est. mortgage payment based on a $674,900 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
4040509

Interior Features

Bedrooms
7
Bathrooms
3
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.06 Acres

Other Property Details

Taxes
$8,901
Tax Frequency
Annually
55+/Senior Community
No

Courtesy of BROOKMAN REALTY with JEFFREY BROOKMAN,
Listing Contact: 9083551921 

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