For Sale House MLS# 7089963

140 W UNIVERSITY Drive

Mesa, AZ 85201

$735,000

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Listing Office

Officearizona-regional-mls-rsd logoKeller Williams Arizona Realty
AgentRichard F Barker

About 140 W UNIVERSITY Drive

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.

Property details

Property

Type
Single Family Residence
MLS type
Single Family Home
Status
Active
Year built
1950
Stories
1
Living area
2,738 sqft
Price / sqft
$268
Lot
0.29
Original price
$735,000
MLS #
7089963

Interior

Features
Central Air, Ceiling Fan(s), High Speed Internet, No Interior Steps, Laminate Counters, Electric, Wshr/Dry HookUp Only, Tile
Flooring
Tile
Heating
Electric
Cooling
Central Air, Ceiling Fan(s)
Laundry
Wshr/Dry HookUp Only

Exterior & lot

Features
Ranch, Side Vehicle Entry
Construction
Painted, Block, Composition
Roof
Composition
Lot
13726053B, Block
Fence
Block
Parking
Side Vehicle Entry

Schools

District
Mesa Unified District
Elementary
Webster Elementary School
Middle
Carson Junior High School
High
Westwood High School

Utilities

Utilities
Public Sewer, Public
Water
Public
Sewer
Public Sewer

Financial

Financial
Arizona Regional Multiple Listing Service 2
Annual tax
$1,754
Tax year
2025
Parcel
13726053B

Location

Subdivision
MESA ARIZONA
County
Maricopa
Neighborhood
Evergreen Historic District
Community
Maricopa, Not Managed, No Fees, Arizona Regional Multiple Listing Service 2, Mesa Unified District
Directions
East on University Drive from Country Club. Property will be on your left at the corner of N Grand and University Drive.

Location

Neighborhood
Evergreen Historic District
Subdivision
MESA ARIZONA
School district
Mesa Unified District

Interested in this home?

Questions on 140 W UNIVERSITY Drive, Mesa, AZ 85201, or want to see it in person?

The Anderson Team · (480) 900-9140

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