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120 E Alice Ave
Phoenix, AZ 85020 North Mountain

$79,900 USD

Land For Sale  •  0.07 AC

Property Details

  • Property Type Land
  • Lot Size 0.07 AC
  • Zoning R-5 Multiple Family
40 Transit Score
50 Walk Score

Description

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.

Property Flyers

Financial Summary (Proforma)

Net Operating Income: $36,278 USD (2026)
Total Expenses: $4,762 USD

Public Transportation

AirportDriveWalkDistance
Phoenix Sky Harbor International 23 min - 13.0 mi
Phoenix-Mesa Gateway 55 min - 39.8 mi
Keith Grayson 602-418-0350 Grayson Real Estate
Keith Grayson 602-418-0350 Grayson Real Estate