Residential Income Property with
For Sale
$219,900
6236 N 16th St #42, Phoenix, AZ 85016
A two-bedroom, two-bath residence features a fireplace, kitchen peninsula, and private balcony.
Property Size1,191 SF
Price / SF$184.63
Days on Market19
Property Features for 6236 N 16th St #42
General Information
Standard status
Active
Size
1,191 SF
Property subtype
Multi-Family
Building Details
Year Built
1968
Listing Agency:
Homesmart
(480) 889-3700
Listed By:
AZ & Associates
(602) 456-7600
Source:
Azandassociates
Added: Sep 29
Changed: Oct 16
Last Checked: Oct 16 at 9:10AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Homesmart
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Investment Insights
Based on property information with market context.
This 1,191-square-foot residential income property is a two-bedroom, two-bath condominium at Los Blancos Condominiums. The unit includes a living room with a fireplace, wood-look flooring, and blinds. Its kitchen has solid surface counters, white shaker cabinets, a tile backsplash, stainless steel appliances, and a peninsula with a breakfast bar. The primary bedroom features skylights, built-in double closets, carpeting, and a private bathroom. A balcony provides private outdoor space.
Community amenities include a pool, laundry facilities, a recreation room, and common areas. The unit is located at 6236 N 16th St #42 in Phoenix and was built in 1968.
Community amenities include a pool, laundry facilities, a recreation room, and common areas. The unit is located at 6236 N 16th St #42 in Phoenix and was built in 1968.
Key Highlights
- 1,191‑square‑foot condominium unit
- Two bedrooms and two bathrooms
- Private balcony and living room fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,891
Cap Rate
6.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$277,820
$277.8K
Cap Rate 7%
$198,443
$198.4K
Cap Rate 9%
$154,344
$154.3K
Market Conditions
NOI Build-Up for 1,191 SF
Gross rent
$26.9K $22.56/SF
− Vacancy
−$1.6K −$1.35/SF
EGI
$25.3K $21.21/SF
− OpEx
−$11.4K −$9.54/SF
NOI
$13.9K $11.66/SF
Area
Phoenix, AZ
Vacancy
6.00%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$277,820
Cap Rate 7%
$198,443
Cap Rate 9%
$154,344
Alternative Uses
Best Use
Apartment 5plus
$198.4K
$173.6K – $231.5K
NOI $13,891 @ 7.0% cap · market cap 6.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$360.8K
$315.7K – $420.9K
NOI $25,253 @ 7.0% cap · market cap 11.48%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
757
Businesses Nearby
Explore this area
Business Placement
Demographics for 85016, AZ
37,326
Population
21,363
Households
1.7
Avg Household Size
38
Median Age
50%
College-Educated
94%
High-School Grad
8.2 sq mi
ZIP Area
4,552
Density / Sq Mi
$85,085
Median Household Income
$53,781
Median Earnings
$1,575
Median Rent
$508,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A two-bedroom, two-bath residence features a fireplace, kitchen peninsula, and private balcony.
Where is this residential income property located?
The property is located at 6236 N 16th St #42 Phoenix, AZ.
What is the asking price?
The asking price for this property is $219,900.
What are key features of this property?
This property features: 1,191‑square‑foot condominium unit; Two bedrooms and two bathrooms; Private balcony and living room fireplace
