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$ 674,900
Est. payment /mo
Price Dropped by $34K
216 Inslee Pl Elizabeth City, NJ 07206
7 Beds
3 Baths
2,613 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 4040509
Style 2-Two Story
Bedrooms 7
Full Baths 3
Annual Tax Amount $8,901
Tax Year 2025
Lot Size 2,613 Sqft
Property Description
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.
Location
State NJ
County Union
Zoning Residential
Rooms
Basement Finished, Full
Interior
Interior Features Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector, Tile Floors, Wood Floors
Heating Gas-Natural
Cooling None
Heat Source Gas-Natural
Exterior
Exterior Feature Vinyl Siding
Parking Features None
Utilities Available Gas-Natural
Roof Type Asphalt Shingle
Garage Yes
Building
Lot Description Level Lot
Sewer Public Sewer
Water Public Water
Architectural Style 2-Two Story
Others
Senior Community No
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Listed by BROOKMAN REALTY