140 W University Drive, Mesa, AZ 85201
Local realty services provided by:CENTURY 21 Arizona West
140 W University Drive,Mesa, AZ 85201
$735,000
- 9 Beds
- 2 Baths
- - sq. ft.
- Single family
- Active
Listed by: richard f barker, ben petro
Office: keller williams arizona realty
MLS#:7089963
Source:ARMLS
Price summary
- Price:$735,000
About this home
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....
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Home facts
- Year built:1950
- Subdivision & Development:MESA ARIZONA
- Listing ID #:7089963
- Updated:October 27, 2026 at 05:01 PM
Rooms and interior
- Bedrooms:9
- Total bathrooms:2
- Flooring:Tile
Heating and cooling
- Cooling:Ceiling Fan(s)
- Heating:Electric
- Central air:Yes
Structure and exterior
- Year built:1950
- Lot area:0.29 Acres
- Lot Features:Corner, Desert Back, Desert Front, North/South Exposure
- Architectural Style:Ranch
- Construction Materials:Block, Painted
Schools
- High school:Westwood High School
- Middle school:Carson Junior High School
- Elementary school:Webster Elementary School
Finances and disclosures
- Price:$735,000
- Tax amount:$1,754 (2025)
Features and amenities
- Laundry features:Washer/Dryer Hook-up Only
Parking
- Parking description:Side Vehicle Entry
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