800 W 8th Street
Property Description
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.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $4,490,000 |
| No. of Units: | 74 |
| Year Built: | 1964 |
| Lot Size: | 0.35 Acres |
| Opportunity Zone: | No |
| Price per unit: | $60,676 |
| Property Website | Click Here |
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
1724 Youngstown Kingsville Road
Vienna Township, Ohio
3417 W Rapid Street
Rapid City, South Dakota
Brokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout