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Elberon Portfolio 4 Multifamily Properties Offered at $6,999,648 CAD in Cincinnati, OH
Investment Highlights
- Significant recent renovations
- Floorplans provide flexibility and broad renter appeal
- Located at the junction of East Price Hill and the Incline District
Executive Summary
3CRE proudly offers the Elberon Portfolio, a 74-unit multifamily community in East Price Hill. The property consists predominantly of one-bedroom apartments, including 72 one-bedroom units, along with one studio and one two-bedroom unit, providing an efficient layout that appeals to a wide range of renters. The asset has undergone nearly $1 million in recent capital improvements, with major upgrades to roofing, electrical systems, mechanicals, and both interior and exterior finishes. The owner also benefits from laundry income. These investments help minimize near-term capital needs and support stable ongoing operations. The portfolio also presents a strong value-add opportunity, with
identifiable loss-to-lease upside and potential for rent growth through continued unit renovations and enhanced management practices.
identifiable loss-to-lease upside and potential for rent growth through continued unit renovations and enhanced management practices.
Property Facts
| Price | $6,999,648 CAD | Number of Properties | 4 |
| Price / SF | $102.75 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 7.16% | Total Building Size | 68,120 SF |
| Sale Type | Investment | Total Land Area | 1.50 AC |
| Status | Active |
| Price | $6,999,648 CAD |
| Price / SF | $102.75 CAD / SF |
| Cap Rate | 7.16% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 68,120 SF |
| Total Land Area | 1.50 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Renaissance Village
800-808 Elberon Ave, Cincinnati, OH 45205 |
Multifamily | 43,680 SF | 1959 | - |
|
Colonial Vista Apartments
906 Elberon Ave, Cincinnati, OH 45205 |
Multifamily | 14,840 SF | 1900 | - |
| 3316 W 8th St, Cincinnati, OH 45205 | Multifamily | 4,800 SF | 1959 | - |
| 3312 W 8th St, Cincinnati, OH 45205 | Multifamily | 4,800 SF | 1959 | - |
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Elberon Portfolio
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