1338 W LOBO Avenue, Mesa, Arizona
1338 W LOBO Avenue, Mesa, Arizona 85202 - 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 great room with lots of natural light and a big screen TV. Premium location for this type of business in Mesa.
Listing Courtesy of Edge Realty, LLC