216 Inslee Pl, Elizabeth City, NJ 07206

Property Description

Great opportunity to own a well-maintained 2-family home in Elizabeth! ]NHERIT A 2.250% INTEREST RATE! Why pay today's high market rates when you can step right into the ultimate financing advantage? This property features a legally assumable FHA mortgage with an incredible 2.250% fixed interest rate. Offered at $674,900, buyers utilizing an FHA loan assumption coupled with a concurrent second mortgage can achieve an exceptional estimated blended interest rate of just 4.636%. This creative financing structure delivers jaw-dropping savings of roughly $1,000 every single month compared to a traditional standalone 30-year fixed loan-keeping thousands of dollars a year in your pocket!The roof was replaced in 2024. The first-floor apartment has been remodeled and features an updated kitchen, renovated bathroom, fresh paint, 2 bedrooms, a living room, and a dining room. The second unit spans two levels and offers a spacious layout with 5 bedrooms, a full bathroom, a living room, and a dining room. The finished basement includes a full bathroom with a stand-up shower, laundry hookups, a family room, and an additional bonus room. Enjoy the rear deck and backyard. Property is being sold AS IS.