#6842679, Shelton E Mathis, Listing Office: HomeSmart

6240 N 16th St Unit 37 Phoenix, AZ 85016
Property details
About 6240 N 16th St Unit 37
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.
Highlights
Summary
- MLS Number: 6818904
- MLS Name: Arizona Regional Multiple Listing Service 2
- Office Name: Long Realty Old Town
- Office Phone: (480) 256-8802
- Office Email: oldtown@longrealty.com
- Listing Agent: Jessica D Noble, Austin T. Rowland
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Last updated on: 4/23/2025, 5:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$220,000
6240 N 16th St Unit 37
$2,613
closing credit¹
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Price information
Property sales
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Tax history
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Nearby schools
5
Madison Rose Lane Elementary School
Public District PK-4
0.5 mi
•1155 E Rose Ln
6
Madison Heights Elementary School
Public District PK-4
1.2 mi
•7150 N 22nd St
7
Madison Simis Elementary School
Public District PK-4
1.3 mi
•7302 N 10th St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $19,601. Typical income of Phoenix, AZ residents is less than $<35k annually. Most families are single, no kids. The majority of residents in this area have post secondary degree education.
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Frequently asked questions
About 6240 N 16th St Unit 37
This home is located at 6240 N 16th St Unit 37 in Phoenix, AZ and zip code 85016 in the Camelback East neighborhood. This 1,191 square foot home, which was built in 1968, sits on a 0.02 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since February 12, 2025 and is currently priced at $220,000.
Phoenix, AZ housing market in March 2025 saw over 224 listings sold above listed price, more than 375 sold at listed price and over 812 sold below. Between February and March 2025, Phoenix, AZ real estate market has seen increase in the number of listings by 9.3%. Listings spent 65 days on the market in March 2025, and had a median list price of $459,738 during the same period.