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$150,000
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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.
Full Property Details
Full Property Details for 6240 N 16th
General
- Sold For: $150,000
- HOA FEE: $680/month
- Taxes: $585 (2024)
- Status: Closed
- Type: Single Family
- Source: ARMLS_Arizona_MLS_Phoenix_Area
- MLS ID: 6818904
- Added to Site: 376 day(s) ago
Interior
- Interior Features: High Speed Internet, Granite Counters, Eat-in Kitchen, Breakfast Bar, No Interior Steps, 3/4 Bath Master Bdrm
- Fireplace(s): None
- Flooring: Tile
Rooms
Bathrooms
- Total Bathrooms: 2
Bedrooms
- Total Bedrooms: 2
Other Rooms
- Laundry: See Remarks, None
Parking
- Parking Features: Assigned
Location
- County: Maricopa
- Township: 2N
- Subdivision: LOS BLANCOS CONDOMINIUMS
- Cross Streets: 16th St and Bethany Home Rd
Community
- Association: Yes
- Assoc. Name: Los Blanco Condo
- Assoc. Fees Include: Electricity, Roof Repair, Insurance, Sewer, Maintenance Grounds, Air Cond/Heating, Trash, Water, Roof Replacement, Maintenance Exterior
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s)
- Heating Type: Electric
Utilities
- Water: City Water
Structural Information
- Architectural Style: Contemporary,
- Exterior Const.: Stucco, Painted, Block
- Roof: Built-Up
- Common Walls: Two Common Walls, Neighbor Above
- Windows: Low-Emissivity Windows, Dual Pane
- Sq. Ft. Source: Assessor
- Year Built: 1968
Lot Features
- Lot Size (Acres): 0.02
- Lot Size (Sq. Ft.): 1,036
- Lot Size Source: Assessor
- Lot Features: Dirt Front, Dirt Back
- Fencing (Description): Block
Financial Considerations
- Association Fee: $680
- Assoc Fee Freq.: Monthly
- Tax Amount: $585
- Tax Year: 2024
- Terms: Cash, Conventional, VA Loan
Disclosures and Reports
- Ownership: Condominium
- Legal Description: LOT 37 LOS BLANCOS CONDOMINIUMS MCR 000014
- Property ID: 161-09-178
- Range: 3E
- Section: 9
- Lot Number: 37
Listed by Long Realty Old Town
Sold by New Western
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Schools
Schools serving 6240 N 16th
School Districts:Madison Elementary District, Phoenix Union High School District
| Name | Grades | Distance |
|---|---|---|
Madison Rose Lane School 1155 East Rose Lane, Phoenix, AZ 85014 | PK-4 | 0.6 mi |
Madison #1 Elementary School 5525 North 16th Street, Phoenix, AZ 85016 | 5-8 | 0.7 mi |
North High School 1101 East Thomas Road, Phoenix, AZ 85014 | 9-12 | 3.4 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 6240 N 16th
Date
Details
Price
Change
Source
5/27/2025
Sold
$150,000
-24.62%
MLS
5/01/2025
Price Reduced
$199,000
-7.4%
MLS
4/30/2025
Price Reduced
$214,900
-2.32%
MLS
3/18/2025
Price Reduced
$220,000
-7.95%
MLS
2/11/2025
Listed
$239,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
6240 N 16th, Phoenix, AZ 85016 (MLS# 6818904) is a Single Family property that was sold at $150,000 on May 27, 2025. Want to learn more about 6240 N 16th? Do you have questions about finding other Single Family real estate for sale in Camelback East? You can browse all Camelback East real estate or contact a Coldwell Banker agent to request more information.

