- 2 Beds
- 2 Baths
- 1,191 Sqft
- .02 Acres
6240 N 16th Street (unit 37)
Investor Opportunity! Condo with All Utilities Included + Long-Term Improvements Underway. Solid opportunity for investors seeking a low-maintenance, income-producing property in one of Phoenix's most desirable and centrally located neighborhoods. This 2-bedroom, 2-bath condo offers an open floor plan, brand new dual-pane windows, a new sliding glass door, and tasteful lighting updates in both the dining and living areas. The unit is clean, functional, and move-in ready. The property uses a community central HVAC system, and the in-unit air handler (blower) has been well maintained for efficient airflow and comfort. The HOA covers all utilities — including electricity, water, and sewer — making this a rental with simplified tenant management. Community-wide improvements are currently underway, funded through a special assessment. These enhancements include deck and stairway renovations, electrical upgrades on the east side of the property, and refreshed landscaping all contributing long-term value for owners and tenants alike. Located just 5 minutes from Piestewa Peak Trailhead, 10 minutes to Downtown Phoenix, 10 minutes to ASU Downtown, and 10 minutes to Camelback Mountain. The condo is also surrounded by some of the city's top dining spots along 7th Street, Bethany Home, and Camelback, with quick access to public transportation, major freeways, and key employment centers. Rental potential is key, with strong demand from professionals, students, travel nurses, and outdoor lifestyle renters. This is a great long-term hold opportunity, offering income and future equity from ongoing community improvements. Note: Property list price is reflective of the value of current upgrades, rental income potential, and unbeatable central location. Serious inquiries only.
Essential Information
- MLS® #6818904
- Price$199,000
- Bedrooms2
- Bathrooms2.00
- Square Footage1,191
- Acres0.02
- Year Built1968
- TypeResidential
- Sub-TypeApartment
- StyleContemporary
- StatusActive
Community Information
- Address6240 N 16th Street (unit 37)
- SubdivisionLOS BLANCOS CONDOMINIUMS
- CityPhoenix
- CountyMaricopa
- StateAZ
- Zip Code85016
Amenities
- UtilitiesAPS
- Parking Spaces1
- ParkingAssigned
- PoolNone
Amenities
Community Pool, Community Laundry
Interior
- HeatingElectric
- CoolingCentral Air, Ceiling Fan(s)
- FireplacesNone
- # of Stories2
Interior Features
Eat-in Kitchen, Breakfast Bar, No Interior Steps, 3/4 Bath Master Bdrm, High Speed Internet, Granite Counters
Exterior
- Lot DescriptionDirt Front, Dirt Back
- RoofBuilt-Up
- ConstructionStucco, Painted, Block
Windows
Low-Emissivity Windows, Dual Pane
School Information
- ElementaryMadison Rose Lane School
- MiddleMadison #1 Elementary School
- HighNorth High School
District
Phoenix Union High School District
Listing Details
- OfficeLong Realty Old Town
Price Change History for 6240 N 16th Street (unit 37), Phoenix, AZ (MLS® #6818904)
| Date | Details | Change |
|---|---|---|
| Price Reduced from $214,900 to $199,000 | ||
| Price Reduced from $220,000 to $214,900 | ||
| Price Reduced from $239,000 to $220,000 |
Long Realty Old Town.
Information Deemed Reliable But Not Guaranteed. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. ARMLS Logo indicates that a property listed by a real estate brokerage other than Launch Real Estate LLC. Copyright 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
Listing information last updated on May 10th, 2025 at 7:00am MST.