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4880 Otteson Lane #1-36, Eau Claire, WI, 54701

--beds
--baths
--sqft
$5,300,000
--price/sqft
$34,870/moest. monthly cost
$1,394,800/yrincome needed

About This Home

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.

Getting Around

21
WalkingCar-Dependent
0
TransitVery Limited Transit
37
BikeSomewhat Bikeable

Schools

8/10
5/10
South Middle SchoolGrades 6-81.8 mi
10/10
Memorial High SchoolGrades 9-121.9 mi

Construction

Condition

  • Property condition: 21+ Years
  • Year built: 1998

Materials

  • Construction materials: Brick,Stucco,Vinyl Siding

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family,Apartment

Interior

Appliances

  • Appliances included: Washer,Dryer,Dishwasher,Dryer,Range/Oven,Range hood,Refrigerator,Washer,Unit 5(Dishwasher,Range/oven,Refrigerator),Unit 6(Dishwasher,Range/oven,Refrigerator)

Basement

  • Has basement: Yes
  • Basement: Partial,Partially Finished,Concrete

Features

  • Ceiling Fan(s)
  • Finished area below ground: 2,875
  • Finished area above ground: 39,861

Heating & Cooling

  • Heating features: Natural Gas,Other,Hot Water
  • Cooling features: Wall/Sleeve Air,Other,Wall Unit(s)

Property

Details

  • Parcel number: 1822122709264309012
  • Zoning: Residential-Multifamily
  • Exclusions: Excluded:sellers Personal,Excluded:tenants Personal

Features

  • Patio & porch: Deck,Patio
  • Waterfront features: Common Frontage
  • Living area range: 5001 or more

Lot

  • Lot size: 4.26 Acres
  • Lot size dimensions: 727 x 1254 x

Parking

  • Parking features: Garage Door Opener
  • Has garage: Yes