Courtesy of: Mary Proznik, GRIP Realty LLC, maryproznik7@hotmail.com
Courtesy of: Mary Proznik, GRIP Realty LLC, maryproznik7@hotmail.com
$5,300,000
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Lot: 4.26 Acres
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Apartment
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$5,300,000
4880 Otteson Lane unit: 1-36 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.
Courtesy of: Mary Proznik, GRIP Realty LLC, maryproznik7@hotmail.com
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