6240 N 16TH Street, 37, Phoenix, AZ 85016
$199,000
Property Type:
Residential
Bedrooms:
2
Baths:
2
Square Footage:
1,191
Lot Size (sq. ft.):
1,036
Status:
Active
Current Price:
$199,000
List Date:
2/11/2025
Last Modified:
5/05/2025
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.
Supplements: 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.
More Information MLS# 6818904
Contract Information
Status Change Date: 2025-02-11
List Price: $199,000
Status: Active
Current Price: $199,000
List Date: 2025-02-11
Type: Exclusive Right To Sell
Ownership: Condominium
Co-Ownership (Fractional) Agreement YN: No
Location Tax Legal
House Number: 6240
Compass: N
Street Name: 16TH
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85016
Zip4: 1728
Country: US
County Code: Maricopa
Assessor Number: 161-09-178
Subdivision: LOS BLANCOS CONDOMINIUMS
Tax Year: 2024
General Property Description
Dwelling Type: Apartment
Dwelling Styles: Attached
Exterior Stories: 2
# of Interior Levels: 1
# Bedrooms: 2
# Bathrooms: 2
Approx SQFT: 1191
Price/SqFt: 167.09
Horses: N
Builder Name: Unknown
Year Built: 1968
Lead Based Hazard Disclosure: Yes
Approx Lot SqFt: 1036
Approx Lot Acres: 0.024
Pool: Community Only
Elementary School District: Madison Elementary District
High School District: Phoenix Union High School District
Elementary School: Madison Rose Lane School
Jr. High School: Madison #1 Elementary School
High School: North High School
Remarks Misc
Cross Street: 16th St and Bethany Home Rd
Directions: North on 16th, complex is on the left. Take first entry into complex and park in first parking spots near 16th St or any open guest parking.
Geo Lat: 33.528556
Geo Lon: -112.048278
Legal Info
Township: 2N
Range: 3E
Section: 9
Lot Number: 37
Basement
Basement Y/N: N
Parking Spaces
Carport Spaces: 1
Total Covered Spaces: 1
Showing Notification Methods
Showing Service: Aligned Showings
Property Features
Special Listing Cond: N/A
Add'l Property Use: None
Architecture: Contemporary
Master Bathroom: 3/4 Bath Master Bdrm
Fireplace Features: No Fireplace
Flooring: Tile
Windows: Dual Pane; Low-Emissivity Windows
Pool Features: No Pool
Spa: None
Community Features: Community Laundry; Community Pool
Dining Area: Eat-in Kitchen; Breakfast Bar
Kitchen Features: Range/Oven Elec; Disposal; Dishwasher; Granite Countertops
Laundry: None; See Remarks
Features: No Interior Steps
Technology: Cable TV Avail; High Speed Internet Available
Exterior Features: Covered Patio(s)
Parking Features: Assigned Parking
Construction: Block
Const - Finish: Painted; Stucco
Roofing: Built-Up
Cooling: Central Air; Ceiling Fan(s)
Heating: Electric
Utilities: APS
Water Source: City Water
Sewer: Sewer - Public
Services: City Services
Fencing: Block
Property Description: East/West Exposure
Landscaping: Dirt Front; Dirt Back
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: Supra (ARMLS)
Possession: Close of Escrow
Unit Style: All on One Level; Two Common Walls; Neighbor Above; Ground Level; Courtyard Facing
Association Fee Incl: Exterior Mnt of Unit; Roof Repair; Roof Replacement; Blanket Ins Policy; Water; Sewer; Garbage Collection; Air Cond/Heating; Electricity; Common Area Maint
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; VA; Conventional
Disclosures: Seller Discl Avail; Agency Discl Req
Listing Office: Long Realty Old Town
Last Updated: May - 05 - 2025
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