140 West UNIVERSITY Drive Mesa, AZ 85201

$735,000
9
Beds
2
Baths
0.29
Acres
2,738
SQFT
268
$/SQFT
$735,000
9
Beds
2
Baths
2,738   sf
$268 / sf
Favorite

active
1/28
Street View

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.

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.

  • Neighborhood
  • Type
  • Total Baths
  • County
    Maricopa
  • Area
    Mesa
  • Tax Amount
    $1,754
  • Status
    Active
  • Listing #
    7089963
  • Built
    1950
  • Lot Size
    0.29
  • Listed on site
    37 days
  • Co-Listing Agent
    gp191
  • Listing Agent Id
    rb663
  • Co Listing Agent Id
    gp191

Listed by:
Keller Williams Arizona Realty

mls source logo Listing provided courtesy of Arizona Regional Multiple Listing Service, Inc. (ARMLS)
Click for Map
Smart Commute Planner
Add a destination

School Info

Property details

Community Features

  • No HOA

Exterior features

  • No Pool

Style

  • Ranch / One Story
  • Two Story
  • One Story
rating icon
No deal rating
NEW!
Favorite

Tour This Home

Fri
13Nov
Sat
14Nov
Sun
15Nov
Mon
16Nov
Tue
17Nov
Wed
18Nov
Thu
19Nov
Fri
20Nov
Sat
21Nov
Sun
22Nov
Mon
23Nov
Tue
24Nov
Wed
25Nov
Thu
26Nov
in Person
via Video Call