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1338 W Lobo Avenue,
Mesa, AZ 85202

$400,000 MLS: 5629601

This property is being sold to investors only as it currently operates as an assisted living facility. The current lease is a three year lease for $3000 per month. The tenant has the option to extend the lease each year for seven additional years. If the tenant extends the landlord can negotiate a higher monthly lease amount. The home has nine bedrooms three bathrooms and an office. The Home and business is licensed for a maximum of 10 residents. There is a large greatroom with lots of natural light and a big screen TV. Premium location for this type of business in Mesa.
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