4880 Otteson Lane Unit 1-36, Eau Claire, WI 54701
- $5,300,000
- 42,736
- SqFt
- List Price
- $5,300,000
- Status
- ACTIVE
- MLS#
- NWW-1599391
- Style
- Apartment Building
- Year Built
- 1998
- Living Area
- 42,736
- Lot Size
- 185,683
- Acres
- 4.26
Property Description
Introducing a rare and highly versatile investment opportunity on Eau Claire?s desirable southside. This 36-unit independent living community offers immediate income potential with significant upside for future expansion and repositioning. Purposefully designed as a 55+ independent living property, this asset presents a unique opportunity for investors or operators to evolve the property into a full-service Continuing Care Retirement Community (CCRC). With the ability to incorporate assisted living, memory care, or layered home health services, the possibilities for increased revenue streams and long-term value creation are substantial. The property was thoughtfully constructed to accommodate a future two-story expansion, with excess land available for an additional wing?allowing a seamless scale-up of operations without compromising the existing structure. Nestled in a private, wooded setting, the site offers a peaceful and highly sought-after environment for residents, while still being conveniently located on Eau Claire?s southside. Its positioning is especially strategic?situated between two established Continuing Care Retirement Communities?reinforcing the area?s strong demand and proven senior housing market.
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Additional Information
- Interior Features
- Ceiling Fan(s), Circuit Breakers
- Exterior Features
- Deck, Patio, Irrigation system
- Taxes
- $63,457
- Property Description
- Apartment Building
- Appliances
- Seller Owned: Washer, Seller Owned: Dryer, Dishwasher, Dryer, Range/Oven, Range hood, Refrigerator, Washer
- Exterior Features
- Brick, Stucco, Vinyl
- Garage
- Opener Included
- School District
- Eau Claire
Courtesy of GRIP Realty LLC
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