140 W UNIVERSITY Drive Mesa, AZ $ 735,000
140 W UNIVERSITY Drive
$ 735,000
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140 W UNIVERSITY Drive

Mesa, AZ, 85201
$ 735,000
Bedrooms9 Baths2.0 Sq 2,738

Monthly Estimate*

$ 5,076

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Single Family Home for sale in Mesa, AZ

for $735,000 with 9 bedrooms and 2 full baths. This 2,738 square foot home was built in 1950 on a lot size of 0.29.

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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Single Family Active

Price

$ 735,000

Bedrooms

9

Full Bath

2

Property Type

Single Family

Taxes

$ 1,754

Style

Ranch

Lot Size

0.29

Year Built

1950

Town/City

Mesa

County/Region

Maricopa

MLS | Web ID

7089963

Features
Interior
Interior Amenities High Speed Internet No Interior Steps Laminate Counters
Flooring Tile
Total Stories 1
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Laundry Features Wshr/Dry HookUp Only
Total Bedrooms 9
Total Baths 2
Bedrooms Possible 9
Built-in Microwave True
Laminate Counters True
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General
Sewer Public Sewer
Heating Electric
Cooling Central Air Ceiling Fan(s)
Utilities SRP
Possession By Agreement Subject To Tenant Rights
Roof Composition
Garage Spaces 0.0
Association Fee Includes No Fees
Architectural Style Ranch
Construction Materials Painted Block
Year Built 1950
Township 1N
Property Subtype Single Family Residence
Tax Year 2025
Ownership Fee Simple
Community Features Near Bus Stop
County Maricopa
New Construction N
Property Type Residential
HOA N
Attached Garage N
Subdivision Name MESA ARIZONA
Total Rooms 0
Special Listing Conditions N/A
Status Active
Directions East on University Drive from Country Club. Property will be on your left at the corner of N Grand and University Drive.
High School Westwood High School
City Mesa
Disclosures Seller Discl Avail
High School District Mesa Unified District
Open Parking Spaces 6.0
Lot Size Units Square Feet
Lot Size Square Feet 12780.0
Carport Spaces 0.0
Carport Y/N N
Spa Features None
Elementary School Webster Elementary School
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 1754.0
Home Warranty Y/N N
Middle/Junior High School Carson Junior High School
Lease Renewal Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Builder Name unknown
Standard Status Active
Occupancy Type Tenant
Elementary School District Mesa Unified District
Tax Lot 0
New Financing: Conventional True
Senior Community N
Ttl Monthly Fee Equiv 0.0
New Financing Cash True
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Exterior
Fencing Block
Parking Features Side Vehicle Entry
Lot Features North/South Exposure Corner Lot Desert Back Desert Front
Water Source Public
Lot Size Area 12780.0
Spa N
Building Area Total 2738.0
Lot Size Acres 0.29
Lot Size Source Assessor
Waterfront Y/N N
Covered Spaces 0.0
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 140
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* Excluded Features
List By
Keller Williams Arizona Realty

Broker

rich@thebarkerteam.com

Email

Affordability Calculator

$5,223
Per Month
97%
3%
0%
Monthly Principal & Interest
$5,076
Monthly Property Taxes
$146
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4345257 Elementary School
4327344 Middle School
Westwood High School High School
Pricing History
DatePricePrice ChangeDescription
10/6/2026$735,000 Listed Price

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140 W UNIVERSITY Drive, Mesa, AZ, 85201 is a Single Family Home for sale at $735,000 with 2,738 sqft and a lot size of 0.29. 140 W UNIVERSITY Drive has 9 bedrooms, 2.0 baths, and was built in 1950. The property's zip code is 85201 which is in Mesa, AZ