Meadows at Otter Creek
Multifamily Investment Opportunity | Eau Claire, WI | 36 Units |
Marketing 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.
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..
Investment highlights
Rare opportunity to acquire a 36-unit 55+ independent living community on Eau Claire’s highly desirable southside. This asset delivers immediate income with a current NOI of $357,407, translating to a 6.75% cap rate, with pricing at approximately $147,222 per unit and $92.98 per square foot.
Situated on 4+ acres in a private, wooded setting, the property was thoughtfully designed to accommodate a future two-story addition, with excess land available for additional unit development.
Strategically located between two established senior housing communities, this property is ideally positioned for conversion to a Continuing Care Retirement Community (CCRC) allowing for the addition of assisted living, memory care, or home health services to maximize revenue potential.
Investment Highlights:
36-unit stabilized asset with strong in-place NOI
6.75% cap rate with immediate cash flow
Attractive basis at $147K/unit and ~$93/SF
Value-add through rent growth and service expansion
Expansion-ready site with additional development potential
Prime southside location with proven senior housing demand
Multiple exit strategies and long-term upside
A rare blend of cash flow, scalability, and future value creation.
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