About 140 W University Drive
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.
Features of 140 W University Drive
| MLS® # | 7089963 |
|---|---|
| Price | $735,000 |
| Bedrooms | 9 |
| Bathrooms | 2.00 |
| Acres | 0.29 |
| Year Built | 1950 |
| Type | Residential |
| Sub-Type | Single Family Residence |
| Style | Ranch |
| Status | Active |
Community Information
| Address | 140 W University Drive |
|---|---|
| Subdivision | MESA ARIZONA |
| City | Mesa |
| County | Maricopa |
| State | AZ |
| Zip Code | 85201 |
Amenities
| Amenities | Near Bus Stop |
|---|---|
| Utilities | SRP, SW Gas |
| Parking Spaces | 6 |
| Parking | Side Vehicle Entry |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | High Speed Internet, No Interior Steps, Laminate Counters |
|---|---|
| Appliances | Refrigerator, Built-in Microwave, Dishwasher, Disposal, Electric Range |
| Heating | Electric |
| Cooling | Central Air, Ceiling Fan(s) |
| Fireplace | No |
| # of Stories | 1 |
Exterior
| Exterior Features | Patio |
|---|---|
| Lot Description | North/South Exposure, Corner Lot, Desert Back, Desert Front |
| Roof | Composition |
| Construction | Painted, Block |
| Horse Property | No |
School Information
| District | Mesa Unified District |
|---|---|
| Elementary | Webster Elementary School |
| Middle | Carson Junior High School |
| High | Westwood High School |
Additional Information
| Foreclosure | No |
|---|---|
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Keller Williams Arizona Realty |
|---|