BEDS3
BATHS1 full
MLS#5192854
STATUSActive
PROPERTY TYPEResidential - Single Family
SCHOOLAkron City
Property Description
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.
Property Features
Property Type: Residential - Single Family
Basement: Yes
Basement: Full
Cooling: None
Heating: Forced Air, Gas
Home Style: Colonial
Lot Size: 0.28 Acres
Roof Type: Asphalt, Fiberglass
Stories: 2.0
Taxes: $1,221 / year
Year Built: 1893
Feature Descriptions
Days on Site: 15
Exterior: Asbestos
Parcel#: 6826419
Parking: Asphalt, Driveway
Sewer: Public Sewer
Water: Public
Local Schools
School District: Akron City
Listed By / Shown By
Listed By
Agency Name: Russell Real Estate Services
Agency Contact: tal@premierclevelandinvesting.com, 216-870-8687
Shown By
Agent Name: Tiffany Bracken
Agent Phone: (330) 412-2245
Agency Title: DeHOFF REALTORS
Estimate Your Payment
Estimated Payment
$ 289.65 per month $176.26 Principal & Interest $101.75 Property Tax $11.64 Homeowner's InsuranceChange Payment Information
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796 Sherman | MLS# 5192854
This single family home located at 796 Sherman, Akron, OH 44311 is currently listed for sale with an asking price of $39,900. This property was built in 1893 and has 3 bedrooms and 1 full baths. Sherman is located within the Akron City school district. Search Akron real estate on tbracken.dehoff.com today.