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120 E Alice Ave - Multifamily Development Lot 3,084 Acres of Commercial Land Offered at $79,900 in Phoenix, AZ 85020
Executive Summary
Corner infill lot zoned R-5 Multiple Family Residence, offered at $79,900 in Sunnyslope. The parcel is level, cleared, and carries no improvements. R-5 is the most permissive residential district in the Phoenix ordinance, supporting attached residential at 43.5 to 52.2 dwelling units per acre. Corner exposure on two public streets provides frontage, access flexibility, and light on two elevations. The parcel sits two minutes on foot from the Central Avenue dining cluster anchored by The Vig and Sushi Friend, and under half a mile from Sunnyslope High School, a walkability profile that supports rent in small residential product.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per AC |
|---|---|---|
| Gross Rental Income |
$43,200
|
$605,042.02
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$2,160
|
$30,252.10
|
| Effective Gross Income |
$41,040
|
$574,789.92
|
| Taxes |
$900
|
$12,605.04
|
| Operating Expenses |
$3,862
|
$54,089.64
|
| Total Expenses |
$4,762
|
$66,694.68
|
| Net Operating Income |
$36,278
|
$508,095.24
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $43,200 |
| Annual Per AC | $605,042.02 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss | |
|---|---|
| Annual | $2,160 |
| Annual Per AC | $30,252.10 |
| Effective Gross Income | |
|---|---|
| Annual | $41,040 |
| Annual Per AC | $574,789.92 |
| Taxes | |
|---|---|
| Annual | $900 |
| Annual Per AC | $12,605.04 |
| Operating Expenses | |
|---|---|
| Annual | $3,862 |
| Annual Per AC | $54,089.64 |
| Total Expenses | |
|---|---|
| Annual | $4,762 |
| Annual Per AC | $66,694.68 |
| Net Operating Income | |
|---|---|
| Annual | $36,278 |
| Annual Per AC | $508,095.24 |
Property Facts
1 Lot Available
Lot
| Price | $79,900 | Lot Size | 3,084.00 AC |
| Price Per AC | $25.91 |
| Price | $79,900 |
| Price Per AC | $25.91 |
| Lot Size | 3,084.00 AC |
Corner infill lot zoned R-5 Multiple Family Residence, offered at $79,900 in Sunnyslope. The parcel is level, cleared, and carries no improvements. R-5 is the most permissive residential district in the Phoenix ordinance, supporting attached resident
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Fairly walkable
50/100
Very drivable
80/100
Some public transit
40/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | 160-50-141 | Total Assessment | $2,283 (2025) |
| Land Assessment | $2,283 (2025) | Annual Taxes | $900 |
| Improvements Assessment | $0 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
160-50-141
Land Assessment
$2,283 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$2,283 (2025)
Annual Taxes
$900
Tax Year
2026
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120 E Alice Ave - Multifamily Development Lot