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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.
Full Property Details
Full Property Details for 140 W University Dr
General
- Price: $735,000
- Taxes: $1,754 (2025)
- Status: Active
- Type: Single Family
- Source: ARMLS_Arizona_MLS_Phoenix_Area
- MLS ID: 7089963
- Updated: 10/6/2026
- Added to Site: 3 day(s) ago
Interior
- Interior Features: High Speed Internet, No Interior Steps, Laminate Counters
- Appliances: Refrigerator, Built-in Microwave, Dishwasher, Disposal, Electric Range
- Flooring: Tile
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 9
Other Rooms
- Laundry: Wshr/Dry HookUp Only
Parking
- Parking Features: Side Vehicle Entry
Location
- County: Maricopa
- Township: 1N
- Subdivision: MESA ARIZONA
- Cross Streets: University / Country Club
Community
- Assoc. Fees Include: No Fees
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s)
- Heating Type: Electric
Utilities
- Water: Public
Structural Information
- Architectural Style: Ranch,
- Exterior Const.: Painted, Block
- Roof: Composition
- Year Built: 1950
Lot Features
- Lot Size (Acres): 0.29
- Lot Size (Sq. Ft.): 12,780
- Lot Size Source: Assessor
- Lot Features: North/South Exposure, Corner Lot, Desert Back, Desert Front
Financial Considerations
- Tax Amount: $1,754
- Tax Year: 2025
- Terms: Cash, Conventional
Disclosures and Reports
- Ownership: Fee Simple
- Legal Description: MESA BLK 114 DAF BEG 35F E & 33F N OF SW COR W2 E 2 SW4 SEC 15 1N 5E TH N 106.5F TH E 120F TH S 106
- Property ID: 137-26-053-B
- Range: 5E
- Section: 15
Listed by Keller Williams Arizona Realty
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Schools
Schools serving 140 W University Dr
School District:Mesa Unified District
| Name | Grades | Distance |
|---|---|---|
Eisenhower Center for Innovation 848 North Mesa Drive, Mesa, AZ 85201 | K-6 | 0.8 mi |
Carson Junior High School 525 North Westwood, Mesa, AZ 85201 | 7-8 | 0.9 mi |
Westwood High School 945 West Rio Salado Parkway, Mesa, AZ 85201 | 9-12 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 140 W University Dr
Date
Details
Price
Change
Source
10/06/2026
Listed
$735,000
320%
MLS
4/17/2003
Sold
$175,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 140 W University Dr
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,754
1%
$42,720
1%
2024
$1,739
2%
$42,380
-2%
2022
$1,713
—
$43,460
15%
2022
$1,713
—
$37,630
30%
2022
$1,713
-1%
$28,950
-5%
2021
$1,733
4%
$30,420
7%
2020
$1,659
7%
$28,430
10%
2019
$1,550
4%
$25,770
11%
2018
$1,488
3%
$23,210
13%
2017
$1,444
2%
$20,570
17%
2016
$1,417
6%
$17,560
32%
2015
$1,332
2%
$13,330
23%
2014
$1,300
17%
$10,810
19%
2013
$1,113
—
$9,110
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 140 W University Dr
140 W University Drive, Mesa, AZ 85201 (MLS# 7089963) is a Single Family property with 9 bedrooms and 2 full bathrooms. 140 W University Drive is currently listed for $735,000 and was received on October 06, 2026. Want to learn more about 140 W University Drive? Do you have questions about finding other Single Family real estate for sale in Mesa? You can browse all Mesa real estate or contact a Coldwell Banker agent to request more information.

