Property
Beds
3
Full Baths
1
1/2 Baths
None
Year Built
1893
Sq.Footage
N/A
Incredible opportunity for investors looking to capitalize on one of Northeast Ohio's most affordable and fast-moving markets. 796 Sherman St, Akron is a vacant 3-bed, 1-bath, 1,230 sq ft single-family home priced at just $39,900, well below the city's median sale price of $146K, making the numbers work from day one. The property is fully vacant and in need of a complete rehabilitation, positioning it as a clean-slate flip or a perfect BRRRR candidate. No tenants to deal with, no inherited leases, just a blank canvas ready for your vision. With Akron's median price per square foot currently sitting at $116, a renovated 1,230 sq ft home in this market carries a strong ARV in the $130K-$145K range, leaving serious room for profit or long-term equity. Akron's investment fundamentals back this up. The market is rated 75 out of 100 for competitiveness, homes are selling in an average of 32 days, and home values are up over 10% year over year. Average rents in the city sit at $1,100/month, giving BRRRR investors a clear path to refinance and cash flow once renovations are complete. Bring your contractor, bring your numbers, and move fast. At this price point in this market, value like this does not sit long.
Features & Amenities
Interior
-
Total Bedrooms
3
-
Bathrooms
1
-
Basement YN
YES
-
Cooling YN
NO
-
Cooling
None
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Natural Gas, Forced Air
-
Main Level Bedrooms
3
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Asbestos
-
Parking
Asphalt, Driveway
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.28
-
Property Type
Residential
-
Property Sub Type
Single Family Residence
-
Architectural Style
Colonial
Price
-
Sales Price
$39,900
-
Tax Amount
$1,221
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
Akron CSD - 7701
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
2
-
Foundation Details
Block
-
Sewer
Public Sewer
-
Water Source
Public
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Location
County
Summit
Elementary School
Akron CSD - 7701
Middle School
High School
Listing Courtesy of Tal Tamir , Russell Real Estate Services
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