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: 10/06/2026

Overview

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 es ... (Read more)

Listing Details MLS# 7089963

Location, Tax & Legal

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

Contract Information

Type: Exclusive Right To Sell
Ownership: Fee Simple
Co-Ownership (Fractional) Agreement YN: No

General Property Description

Dwelling Type: Single Family Residence
Dwelling Styles: Detached
Exterior Stories: Yes
# of Interior Levels: Yes
# Bedrooms: 9
Full Bathrooms: 2
Total Bathrooms: 2
Approx SQFT: 2738
Price/SqFt: 268.44
Horses: N
Builder Name: unknown
Year Built: 1950
Lead Based Hazard Disclosure: Yes
Approx Lot SqFt: 12780
Approx Lot Acres: 0.293
Community Pool Y/N: No
Private Pool Y/N: No
Fireplace YN: No
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

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.

Legal Info

Township: 1N
Range: 5E
Section: 15

Basement

Basement Y/N: N

More Information

Parking Spaces

Slab Parking Spaces: 6

Showing Notification Methods

Showing Service: Aligned Showings

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

Office Phone: 480-999-6250

Office Email: laurie.johnson@kw.com

Last Updated: October - 06 - 2026