6240 N 16th Street Unit 37, Phoenix, AZ 85016
- $150,000
- 2
- BD
- 2
- BA
- 1,191
- SqFt
- Sold Price
- $150,000
- List Price
- $199,000
- Closing Date
- May 27, 2025
- Days on Market
- 97
- Status
- CLOSED
- MLS#
- 6818904
- City
- Phoenix
- Bedrooms
- 2
- Bathrooms
- 2
- Living SQFT
- 1,191
- Lot Size
- 1,036
- Subdivision
- Los Blancos Condominiums
- Year Built
- 1968
- Type
- Apartment
Property 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.
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Additional Information
- Elementary School
- Madison Rose Lane School
- High School
- North High School
- Middle School
- Madison #1 Elementary School
- School District
- Phoenix Union High School District
- Acres
- 0.02
- Architecture
- Contemporary
- Assoc Fee Includes
- Electricity, Roof Repair, Insurance, Sewer, Maintenance Grounds, Air Cond/Heating, Trash, Water, Roof Replacement, Maintenance Exterior
- Hoa Fee
- $680
- Hoa Fee Frequency
- Monthly
- Hoa
- Yes
- Hoa Name
- Los Blanco Condo
- Builder Name
- Unknown
- Community Features
- Community Pool, Community Laundry
- Construction
- Stucco, Painted, Block
- Cooling
- Central Air, Ceiling Fan(s)
- Fencing
- Block
- Fireplace
- None
- Flooring
- Tile
- Heating
- Electric
- Laundry
- See Remarks, None
- Living Area
- 1,191
- Lot Size
- 1,036
- New Financing
- Cash, Conventional, VA Loan
- Parking Features
- Assigned
- Lot Features
- Dirt Front, Dirt Back
- Roofing
- Built-Up
- Sewer
- Public Sewer
- Spa
- None
- Stories
- 2
- Style
- Contemporary
- Subdivision
- Los Blancos Condominiums
- Taxes
- $585
- Tax Year
- 2024
- Water
- City Water
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Listing courtesy of Long Realty Old Town. Selling Office: New Western.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.