




Courtesy of Keller Williams Arizona Realty, Richard F Barker Listing Contact: 602-882-9404
9 Beds
2 Baths
2,738 sqft
$735,000
140 W UNIVERSITY Drive, Mesa AZ, 85201
Price per sqft$268.44
Built in1950
Property size2,738 sqft
Property typeResidential
Overview
Active
Listed Oct 6, 2026
Updated 3 weeks ago
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.
Additional information
- MLS® ID
- 7089963
Interior Features
- Bedrooms
- 9
- Bathrooms
- 2
- Cooling
- Yes
- Heating
- Yes
- Basement
- No
Exterior Features
- Lot Size
- 0.29 Acres
Other Property Details
- Taxes
- $1,754
- Tax Frequency
- Annually
- Municipality
- 1N
Courtesy of Keller Williams Arizona Realty, Richard F Barker
Listing Contact: 602-882-9404
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Data Last Updated: 4:39 AM UTC, 10/8/2026.