6240 N 16Th St # 37, Phoenix, AZ 85016
$220,000
Reduced By $19,000, last change 3/18/2025
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Home Description
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.
- MLS #: 6818904
- Address: 6240 N 16Th St # 37
- City: Phoenix
- Zip Code: 85016
- County: Maricopa
- Subdivision: Los Blancos
- Community Features: Community Laundry,Community Pool
- Pool: None
- Spa: None
- Parking: Assigned
- Garage Spaces: 0.00
- Interior: 3/4 Bath Master Bdrm,Breakfast Bar,Eat-in Kitchen,Granite Counters,High Speed Internet,No Interior Steps
- Full Baths: 2
- Partial Baths: 0
- Fireplace: None
- Flooring: Tile
Available now at $220,000
- Construction: Block,Painted,Stucco,Synthetic Stucco
- Architecture: Contemporary
- Lot: Dirt Back,Dirt Front
- Lot Sq Ft: 1036
- Water: City Water
- Tax Municipality: Phoenix
- HOA 1 Fee: $680 Monthly
- HOA 1 Transfer Fee: $0
- Association Amenities: Management
- : aprilmauch@longrealty.com
Neighborhood
The average asking price of a 2 bedroom Phoenix home in this zip code is
$590,000 (168.2% more than this home).
This home is priced at $185/sqft,
which is 107.3% less than similar homes
in the 85016 zip code.
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School Information
- District:Phoenix Union High School District (High School), Madison Elementary District (Elementary)
- Elementary:Madison Rose Lane School
- Junior High:Madison #1 Elementary School
- High School:North High School
Financial
- Approx Payment:$1,115*
- Taxes:$585
Area Stats
These statistics are updated daily from the Metropolitan Phoenix Board of REALTORS® Multiple Listing Service. For further analysis or
to obtain statistics not shown below please call Highgarden Real Estate at
(708) 200-8098 and speak with one of our real estate consultants.
Popular Homes
$643,681
$484,995
62
0.0%
48.4%
89
$703,435
$607,500
20
0.0%
30.0%
73
$774,776
$615,000
143
0.7%
35.7%
72
$11,104,091
$10,877,500
22
0.0%
27.3%
113
$2,628,000
$2,195,000
5
0.0%
40.0%
203
$984,046
$675,000
189
0.5%
47.1%
82
$599,806
$500,000
193
1.0%
50.8%
97
$816,424
$580,000
69
0.0%
44.9%
180
$1,629,250
$922,500
8
0.0%
37.5%
47
$2,950,000
$2,950,000
1
0.0%
0.0%
144
$674,274
$524,995
350
0.3%
44.3%
90
$2,339,332
$703,498
6
0.0%
16.7%
48
$8,838,236
$6,550,000
78
0.0%
33.3%
120
$715,938
$589,000
210
0.0%
48.1%
92
$654,200
$550,000
9
0.0%
44.4%
63
$3,282,285
$1,995,000
472
0.8%
40.7%
145
$1,316,000
$1,225,000
3
0.0%
66.7%
151
$729,305
$609,950
66
0.0%
56.1%
108
$2,747,920
$2,750,000
25
0.0%
40.0%
183
$555,000
$555,000
2
0.0%
50.0%
64
$912,450
$889,950
4
0.0%
0.0%
21
Listing Courtesy of Long Realty Old Town.
For information or to schedule a viewing of this property (MLS# 6818904), call: 708-200-8098
6240 N 16Th St # 37, Phoenix AZ is a single family home of 1191 sqft and
is currently priced at $220,000
.
This single family home has 2 bedrooms.
A comparable home for sale at 6240 N 16Th N St # 46 in Phoenix is listed at $205,000.
In addition to single family homes, Highgarden also makes it easy to find Homes, Condos, New Homes and Foreclosures
in Phoenix, AZ.
Biltmore Promenade, Loma Linda Historic District and Town And Country Biltmore Townhomes are nearby neighborhoods.
MLS 6818904 has been posted on this site since 2/11/2025 (today).