140 W UNIVERSITY Drive, Mesa, AZ 85201

$735,000
Property Type: Residential Bedrooms: 9 Baths: 2 Square Footage: 2,738 Lot Size (sq. ft.): 12,780 Status: Active
Current Price: $735,000 Last Modified: 10/07/2026

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.

Supplements: 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.

More Information MLS# 7089963

Contract Information

Type: Exclusive Right To Sell Ownership: Fee Simple Co-Ownership (Fractional) Agreement YN: No List Price: $735,000 Status: Active Current Price: $735,000 List Date: 2026-10-06

Location, Tax & Legal

Assessor's Map #: 26 Legal Description (Abbrev): MESA BLK 114 DAF BEG 35F E & 33F N OF SW COR W2 E 2 SW4 SEC 15 1N 5E TH N 106.5F TH E 120F TH S 106 Assessor's Parcel #: 53 Assessor Parcel Ltr: B Tax Municipality: Mesa Taxes: 1754 House Number: 140 Compass: W Street Name: UNIVERSITY St Suffix: Drive City/Town Code: Mesa State/Province: AZ Zip Code: 85201 Zip4: 5818 Country: US County Code: Maricopa Assessor Number: 137-26-053-B Subdivision: MESA ARIZONA Tax Year: 2025

General Property Description

Dwelling Styles: Detached # of Interior Levels: 1 # Bedrooms: 9 Full Bathrooms: 2 Half Bathrooms: 0 Total Bathrooms: 2 Approx SQFT: 2738 Price/SqFt: 268.44 Approx Lot SqFt: 12780 Approx Lot Acres: 0.293 Horses: N Builder Name: unknown Lead Based Hazard Disclosure: Yes Elementary School District: Mesa Unified District High School District: Mesa Unified District Elementary School: Webster Elementary School Jr. High School: Carson Junior High School High School: Westwood High School Community Pool Y/N: No Private Pool Y/N: No Fireplace YN: No Dwelling Type: Single Family Residence Exterior Stories: 1 Year Built: 1950

Legal Info

Range: 5E Section: 15 Township: 1N

Special Listing Cond

N/A: 1

Construction

Block: 1

Const - Finish

Painted: 1

Roofing

Composition: 1

Association & Fees

HOA Y/N: N PAD Fee Y/N: N Land Lease Fee Y/N: N Ttl Mthly Fee Equiv: 0

Showing Notification Methods

Showing Service: Aligned Showings

Lockbox Type

None: 1

Architecture

Ranch: 1

Master Bathroom

Other (See Remarks): 1

Master Bedroom

Split: 1

Flooring

Tile: 1

Community Features

Near Bus Stop: 1

Dining Area

Formal: 1 Other (See Remarks): 1

Heating

Electric: 1

Kitchen Features

Dishwasher: 1 Disposal: 1 Electric Range: 1 Laminate Counters: 1 Built-in Microwave: 1 Refrigerator: 1

Cooling

Ceiling Fan(s): 1 Central Air: 1

Interior Features

No Interior Steps: 1

Laundry

Washer Hookup: 1 220 V Dryer Hookup: 1

Basement

Basement Y/N: N

Other Rooms

Family Room: 1

Separate Den/Office

Sep Den/Office Y/N: N

Technology

Cable TV Avail: 1 High Speed Internet: 1

Fencing

Block: 1

Water Source

City Water: 1

Exterior Features

Patio: 1

Spa

None: 1

Sewer

Sewer - Public: 1

Parking Spaces

Slab Parking Spaces: 6 Total Covered Spaces: 0

Parking Features

Side Vehicle Entry: 1

New Financing

Cash: 1 Conventional: 1

Utilities

SRP: 1 SW Gas: 1

Existing 1st Loan

Treat as Free&Clear: 1

Property Description

Corner Lot: 1 North/South Exposure: 1

Landscaping

Desert Front: 1 Desert Back: 1

Unit Style

All on One Level: 1

Disclosures

Seller Discl Avail: 1

Possession

By Agreement: 1 Subject To Tenant Rights: 1

Association Fee Incl

No Fees: 1

Assoc Rules/Info

Not Managed: 1

DPR Eligible

DPR Eligible: Yes

Remarks Misc

Cross Street: University / Country Club Directions: East on University Drive from Country Club. Property will be on your left at the corner of N Grand and University Drive. Geo Lat: 33.422613 Geo Lon: -111.835408

Property Features

Special Listing Cond: N/A Architecture: Ranch Master Bathroom: Other (See Remarks) Master Bedroom: Split Flooring: Tile Spa: None Community Features: Near Bus Stop Dining Area: Formal; Other (See Remarks) Kitchen Features: Electric Range; Disposal; Dishwasher; Built-in Microwave; Refrigerator; Laminate Counters Laundry: Washer Hookup; 220 V Dryer Hookup Other Rooms: Family Room Interior Features: No Interior Steps Technology: Cable TV Avail; High Speed Internet Exterior Features: Patio Parking Features: Side Vehicle Entry Construction: Block Const - Finish: Painted Roofing: Composition Cooling: Central Air; Ceiling Fan(s) Heating: Electric Utilities: SRP; SW Gas Water Source: City Water Sewer: Sewer - Public Fencing: Block Property Description: Corner Lot; North/South Exposure Landscaping: Desert Front; Desert Back Lockbox Type: None Possession: By Agreement; Subject To Tenant Rights Unit Style: All on One Level Association Fee Incl: No Fees Existing 1st Loan: Treat as Free&Clear New Financing: Cash; Conventional Disclosures: Seller Discl Avail
Listing Office: Keller Williams Arizona Realty
IDX
Office Phone: 480-999-6250
Office Email: laurie.johnson@kw.com
Last Updated: October - 07 - 2026
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.