Elberon Multifamily Portfolio - 74 Units

Investment Overview

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.