Todd Pierce
BEDS0
BATHS
SQUARE FEET42,736
MLS#1599391
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLEau Claire
Listing Courtesy of:
GRIP Realty LLC
Agency Phone: 7154968111
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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Lot Size: 4.26 Acres
Taxes: $63,457
Year Built: 1998
Units
Unit 1:
Bedrooms: 1
Full Baths: 1
Square Footage: 580
Unit 2:
Bedrooms: 1
Full Baths: 1
Square Footage: 840
Unit 3:
Bedrooms: 2
Unit 4:
Bedrooms: 2
Amenities
Ceiling Fan(s)
Circuit Breakers
Deck
Patio
Irrigation system
Appliances
Seller Owned: Washer
Seller Owned: Dryer
Dishwasher
Dryer
Range/Oven
Range hood
Refrigerator
Washer
Feature Descriptions
Basement: Partial, Partially Finished, Poured Concrete
Building: Apartment Building
Data Source: WIREX_NWW
Days on Site: 1
Exterior: Brick, Stucco, Vinyl
Heating/Cooling: Wall/Sleeve Air, Other, Hot Water, Wall A/C
Heating Fuel: Natural Gas
Lot Dimensions: 727 x 1254 x
Units: 8
Water/Waste: Municipal Sewer, Municipal Water
Water Features: Common Frontage
Local Schools
School District: Eau Claire
Listed By / Shown By
Listed By
Agency Name: GRIP Realty LLC
Agency Phone: 7154968111
Shown By
Agent Name: Todd Pierce
Agent Phone: (608) 576-4661
Agency Title: Stark Company Realtors
Estimate Your Payment
Estimated Payment
$ 34,939.26 per month $28,105.34 Principal & Interest $5,288.08 Property Tax $1,545.83 Homeowner's InsuranceChange Payment Information
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4880 Otteson Lane, Unit 1-36 | MLS# 1599391
This multi-family property located at 4880 Otteson Lane, Unit 1-36, Eau Claire, WI 54701 is currently listed for sale with an asking price of $5,300,000. Otteson Lane, Unit 1-36 is located within the Eau Claire school district. Search Eau Claire real estate on tpierce.starkhomes.com today.