140 W UNIVERSITY Drive, Mesa, AZ 85201
140 W UNIVERSITY Drive, Mesa, AZ 85201
140 W UNIVERSITY Drive, Mesa, AZ 85201
140 W UNIVERSITY Drive, Mesa, AZ 85201
140 W UNIVERSITY Drive, Mesa, AZ 85201
140 W UNIVERSITY Drive, Mesa, AZ 85201
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$ 735,000
Est. payment | /mo

9 Beds

2 Baths

2,738 SqFt


Save
$ 735,000
Est. payment | /mo
Save

9 Beds

2 Baths

2,738 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,738 sqft

Price per Sqft $268

Subdivision Mesa Arizona

MLS Listing ID 7089963

Style Ranch

Bedrooms 9

Full Baths 2

HOA Y/N No

Year Built 1950

Annual Tax Amount $1,754

Tax Year 2025

Lot Size 0.293 Acres

Acres 0.29

Property Sub-Type Single Family Residence

Source Arizona Regional Multiple Listing Service (ARMLS)

Property Description

Investment opportunity! An established, licensed 10-bed residential care facility with a long-term lease and approximately 4.5 years remaining. The single-level property offers approximately 3,400 square feet on a .25-acre lot, with 9 bedrooms and 2 bathrooms configured for its current elderly care operation.

Each of the nine bedrooms has a private sink, and ceiling fans are installed throughout the bedrooms. The two bathrooms feature built-out shower areas designed for easier resident access. A dedicated dining room provides a central gathering space, and the kitchen has two refrigerators to support the facility's daily operations.

The property also offers a private outdoor sitting area for residents and low-maintenance rock landscaping. The roof was completely redone approximately 4 to 5 years ago following hail damage. No HOA and no pool.

Positioned along a high-visibility roadway, the property offers prominent frontage for business signage while maintaining a quieter residential setting around the home. Downtown shopping, entertainment, and other services are nearby. With an established care-facility configuration and an existing long-term lease, this property presents a distinctive opportunity for an investor seeking an income-producing residential care property.

Location

State AZ

County Maricopa

Community Mesa Arizona

Area Maricopa

Direction East on University Drive from Country Club. Property will be on your left at the corner of N Grand and University Drive.

Rooms

Other Rooms Family Room

Master Bathroom true

Master Bedroom Split

Den/Bedroom Plus 9

Separate Den/Office N

Interior

Interior Features High Speed Internet, No Interior Steps, Laminate Counters

Heating Electric

Cooling Central Air, Ceiling Fan(s)

Flooring Tile

Fireplace No

Appliance Refrigerator, Built-in Microwave, Dishwasher, Disposal, Electric Range

SPA None

Laundry Wshr/Dry HookUp Only

Exterior

Parking Features Side Vehicle Entry

Fence Block

Community Features Near Bus Stop

Utilities Available SRP

Roof Type Composition

Porch Patio

Private Pool No

Building

Lot Description North/South Exposure, Corner Lot, Desert Back, Desert Front

Story 1

Builder Name unknown

Sewer Public Sewer

Water Public

Architectural Style Ranch

New Construction No

Schools

Elementary Schools Webster Elementary School

Middle Schools Carson Junior High School

High Schools Westwood High School

School District Mesa Unified District

Others

HOA Fee Include No Fees

Senior Community No

Tax ID 137-26-053-B

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Horse Property N

Disclosures Seller Discl Avail

Possession By Agreement, Subject To Tenant Rights

Listing Terms Cash, Conventional

Arizona Regional MLS (ARMLS)
Listed by Keller Williams Arizona Realty • Richard F Barker

NEARBY SCHOOL & BUSINESS

Brian Patrick Ramsey

+1(602) 584-2023

bramsey@equitystarrealty.com

20860 N. Tatum Blvd., Phoenix, AZ 85050, United States

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140 W UNIVERSITY Drive