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(602) 769-4725
Real Estate Company
140 W University Drive, Mesa, AZ 85201
- $735,000
- 9
- BD
- 2
- BA
- List Price
- $735,000
- Status
- ACTIVE
- Days on Market
- 1
- MLS#
- 7089963
- Subtype
- Residential
- Style
- Ranch
- Year Built
- 1950
- Bedrooms
- 9
- Bathrooms
- 2
- Full Baths
- 2
- Lot Size
- 12,780
- Acres
- 0.29
- Subdivision
- Mesa Arizona
Property 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.
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Additional Information
- Interior Features
- Laminate Counters, High Speed Internet, No Interior Steps
- Taxes
- $1,754
- Property Description
- Ranch
- Flooring
- Tile
- Appliances
- Dishwasher, Disposal, Refrigerator, Microwave, Electric Range
- Heating
- Electric
- Air Conditioning
- Ceiling Fan(s), Central Air
- Exterior Construction
- Block, Painted
- Stories
- 1
- Parking Features
- Side Vehicle Entry
- Elementary School
- Webster Elementary School
- Middle School
- Carson Junior High School
- High School
- Westwood High School
Mortgage Calculator
Listing courtesy of Listing Agent: Richard F Barker (602-882-9404) from Listing Office: Keller Williams Arizona Realty.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.