6240 N 16th Street 31, Phoenix, AZ 85016, Phoenix, 85016 - 2 bed, 2 bath
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Phoenix, AZ 85016
This Fully Remodeled Townhouse is a High-Potential Investment Opportunity, listed at $250,000—positioned well below the $291,373 Fair Market Value by 14%. This valuation gap offers $41,373 in Instant Equity for the incoming buyer. Boasting a Turnkey Condition Rating, the interior features quartz countertops, luxury vinyl flooring, and a private patio. Located in the premier Uptown Phoenix corridor near Biltmore, the utility-inclusive HOA provides exceptional budget predictability. This asset is perfectly suited for Owner-Occupants desiring a modern lifestyle or Buy-and-Hold Investors seeking a low-maintenance, high-demand rental.
Property is new construction or fully renovated.
The property has undergone a complete interior renovation with brand-new kitchen cabinets, quartz countertops, stainless steel appliances, and luxury vinyl flooring throughout. With new windows, sliding doors, and updated bathrooms featuring modern fixtures, the unit meets the criteria for an extensively renovated property within the last 5 years with no deferred maintenance.
The unit has been fully renovated with brand-new appliances, quartz countertops, luxury vinyl flooring, and updated windows, offering a turnkey, move-in-ready experience.
The association fee covers all major utilities including electricity, air conditioning, and water, providing residents with exceptional budget predictability in the Phoenix heat.
Situated near the Biltmore area, the property offers excellent proximity to premier shopping, dining, and social amenities in one of Phoenix's most desirable corridors.
At $680 per month, the association fee is relatively high compared to the listing price, which may impact the monthly affordability and debt-to-income ratio for some buyers.
While the interior is brand new, the complex was built in 1968, meaning the underlying structural and common area components are over 50 years old and may require ongoing maintenance.
Uptown Phoenix 2 bd Condo offers IN-UNIT LAUNDRY hookups! Over $80K in upgrades! Completely remodeled! Everything inside this unit is brand new! SS Appliances, Luxury Vinyl flooring throughout! New sliding door to patio w/ travertine tiles! New vinyl windows; new kitchen cabinets and quartz counter tops! New bathroom vanities, fixtures and tile. New Window blinds and ceiling fans Large Primary Bedroom w/ensuite bath. Secondary bedroom and full guest bath. Both bedrooms have built in workstations. Private patio for morning coffee or relaxing under the stars. Situated near Pool, Pavilion & guest parking. 2 sparkling pools, Clubhouse for community clubs and events, Pavilion for outdoor dining, and all new landscaping! No worries about electric, a/c or water bills, All Utilities included!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,191 | - |
| Lot Size | 1,028 | - |
| Price | $225.0K | $341.8K |
| Price per sq ft | $189 | $259 |
| Built year | 1968 | 0 |
| HOA | $680 | $0 |
| Days on market | 113 | 1211 |
Jul 14, 2026
$225,000
$245,000
-8% Price Drop
Initial Listing
Jun 13, 2026
$245,000
$235,000
+4% Price Increase
Initial Listing
May 5, 2026
$235,000
$250,000
-6% Price Drop
Initial Listing
Apr 1, 2026
$250,000
Initial Listing