1716 W Shangri La Rd, Phoenix, AZ, 85029

1716 W Shangri La Rd Phoenix, AZ 85029

Property Type:
MultiFamily Apartments
Last Verified:
Jun 29, 2022


  • Easy Access to I-17 and 51 Freeways
  • Month-to-Month Tenants ($800/month)
  • Located Near North Mountain Preserve Area


This value-add Fourplex is located in Sunnyslope on Shangri-La Rd and 17th Avenue, about 3 miles from Sunnyslope High School and 1.7 miles from Interstate 17 Freeways. The property consists of four two-bedroom, one-bathroom units on a 10,759 SF lot. Each unit has its own private patio space and is separately metered for electricity. Current tenants pay $800 per month. The building is master metered for water with an average cost of $250 per month.


Building Size: 3220sq ft
Lot Size: 0.25 acres

Map of 1716 W Shangri La Rd, Phoenix, AZ, 85029

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.