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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 10h 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.

$4,890/mo

Est. mortgage payment based on a $735,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

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

Courtesy of Keller Williams Arizona Realty, Richard F Barker

Listing Contact: 602-882-9404 

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Data Last Updated: 11:06 AM UTC, 10/7/2026.

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