About This Home

This 9-bedroom, 2-bathroom single family at 140 W UNIVERSITY Drive in Mesa, AZ is listed for $735,000 ($268 per sqft). Built in 1950, the home offers 2,738 sqft of living space on a 0.29 acres lot.

Key Features

  • Built in 1950
  • 0.29 acre lot

Property Details

1 story
2 full
1950

Amenities

A/C
Listing 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. 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.

Monthly Cost Estimate

$3,931/mo

20% down · 6.5% · 30 years

Principal$532
Interest$3,185
Insurance$214

Estimates only. Actual payments may vary.

Location

140 W UNIVERSITY Drive

Mesa, AZ 85201

MESA ARIZONA

Features & Amenities

Interior Features

High Speed InternetNo Interior StepsLaminate Counters

Property Details

Flooring

Tile

Construction

Painted Block

Outdoor Features

Patio

Heating

Electric (Heating)

Cooling

Central AirCeiling Fan(s)

Appliances

RefrigeratorBuilt-in MicrowaveDishwasherDisposalElectric Range

Questions & Answers

This 9-bedroom, 2-bathroom single family at 140 W UNIVERSITY Drive is listed at $735,000 ($268/sqft). The estimated monthly payment is $3,931 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1950, 0.29 acre lot. Interior Features: High Speed Internet, No Interior Steps, Laminate Counters.

This property is listed by Richard F Barker.

RB

Richard F Barker

Agent at Keller Williams Arizona Realty

Listed by Keller Williams Arizona Realty · Broker phone: (480) 767-3000 · View on Broker Site · Broker website

MLS# 7089963· Source: Arizona Regional Multiple Listing Service, Inc.· 22 days on PropertySimple

Copyright © 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

140 W UNIVERSITY Drive, Mesa, AZ 85201

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