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.

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Property Details of 216 Inslee Place, Unit 2

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Listed by Jeffrey Brookman of Brookman Realty (908-422-2844)

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 Based on information submitted to GSMLS as of October 27, 2026 1:17 PM EDT . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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