1051 N GRAND, Mesa, AZ 85201, Mesa, 85201 - 5 bed, 2 bath
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Mesa, AZ 85201
This Group Home Asset represents a Strong Value Opportunity, listed at $870,000—positioned well below the $930,954 Fair Market Value by 6%. This valuation gap provides $60,954 in Instant Equity. Featuring a Group Home Certificate of Occupancy and a 34,195 sqft lot, the property offers significant utility despite its Fair Condition Rating. With a diving pool and detached workshop, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, high-potential property in Mesa.
Property is moderate renovation needed.
Built in 1951, this property is over 70 years old and shows its age despite being functional. While the 'solid block' construction is a plus, the interior features dated finishes including painted block walls, older ceiling fans, and basic laminate flooring. The description's mention of 'unlimited potential' and its current configuration as a group home suggest that while move-in ready for business, it requires significant cosmetic and likely system updates to meet modern residential standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 34195, living area = 2511.
The property holds a rare Group Home Certificate of Occupancy for up to 10 beds with no HOA, offering a turnkey opportunity for business owners or multi-generational living.
Sitting on nearly 0.75 acres, the oversized lot provides rare space for the area, featuring a diving pool, mature landscaping, and a detached workshop with no restrictive oversight.
Originally built in 1951, the home likely requires significant modernization of its interior finishes and systems to meet contemporary buyer expectations at this price point.
With five bedrooms but only two bathrooms, the current layout may be insufficient for high-occupancy group home use or large families without further renovation.
Rare opportunity to own nearly ¾ of an acre in the heart of Mesa with no HOA that currently holds a group home certificate of occupancy for up to 10 beds! Step right into your own business with this one as the homes design is set up perfectly with over 2,500+ square feet, 5 bedrooms, 2 bathrooms, and a versatile floor plan designed for multi-generational living if you are not searching for a home-based business use. Situated on an expansive lot, the property features a large, fenced diving pool, mature landscaping, irrigation, abundant parking, and endless possibilities for future expansion. The detached storage/workshop area and substantial underground basement/cellar space provide exceptional storage and flexibility. This solid block home was built to last! Conveniently located near shopping, dining, schools, parks, Hohokam Stadium and freeway access, this unique property combines the space and privacy of a rural setting with the convenience of city living. This property has unlimited potential in a highly desirable Mesa location!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 2,511 | - |
| Lot Size | 34,195 | - |
| Price | $870.0K | $476.2K |
| Price per sq ft | $346 | $271 |
| Built year | 1951 | 0 |
| HOA | $0 | $0 |
| Days on market | 23 | 2611 |
Jun 29, 2026
$870,000
Initial Listing