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$220,000

Beds
2
Baths
2.0
sq ft
1,191

6240 North 16th Street Unit 37, Phoenix, AZ 85016

6240 North 16th Street Unit 37

Phoenix, AZ 85016

  • 50 days on market
    • Price drop $19,000↓
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.

Details

Property type

Condominium

Lot size

1,036 sq ft

Price per sq ft

$185

Year built

1968

Annual property taxes

$585

Monthly HOA fee

$680.35

Price History

03/18/2025
ArizonaRegional

ArizonaRegional #6818904

Price change
$220,000
-7.95%
02/11/2025
ArizonaRegional

ArizonaRegional #6818904

Listed
$239,000
-0.38%
07/27/2024
ArizonaRegional

ArizonaRegional #6688391

Removed
$239,900

Schools & Community

Neighborhood: 

Camelback East

Elementary school: 

Madison Rose Lane School

Middle school: 

Madison #1 Elementary School

High school: 

North High School

Community features: 

Pool

High school district: 

Phoenix Union High School District

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Status: Active

Tomo last checked: 04/02/2025 at 4:40 PM

Listing updated: 03/28/2025 at 4:46 PM

Listed by: Jessica D Noble, Long Realty Old Town Phone #: (480) 518-0448

MLS: ArizonaRegional #6818904

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