Home for Sale at 796 Sherman in Akron, OH for $39,900

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796 Sherman | Akron

$39,900 | 3 Beds | 1 Baths (1 Full) | 0.0 Sq. Ft.

Incredible opportunity for investors looking to capitalize on one of Northeast Ohio\u0027s 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\u0027s median sale price of $146K, making the numbers work from day one.\r\n\r\nThe 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\u0027s 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.\r\n\r\nAkron\u0027s 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.\r\n\r\nBring your contractor, bring your numbers, and move fast. At this price point in this market, value like this does not sit long. MLSNow 5192854 Directions to property: This is a residential single-family home in the Lockert subdivision of South Akron. Corner of Sherman St and Nicholas Ct

MLS Listing ID: 
MLSNow 5192854
Listing Category: 
Purchase
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$39,900
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Residential
Property Sub Type: 
Single Family Residence
Primary Market Area: 
Akron
Address: 
796 Sherman, Akron, OH 44311
County: 
Summit
Latitude: 
41.0612610
Longitude: 
-81.5166970
Directions: 
This is a residential single-family home in the Lockert subdivision of South Akron. Corner of Sherman St and Nicholas Ct
Public Remarks: 
Incredible opportunity for investors looking to capitalize on one of Northeast Ohio\u0027s 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\u0027s median sale price of $146K, making the numbers work from day one.\r\n\r\nThe 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\u0027s 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.\r\n\r\nAkron\u0027s 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.\r\n\r\nBring your contractor, bring your numbers, and move fast. At this price point in this market, value like this does not sit long.
Community Information
School District: 
Akron CSD - 7701
Building Details
Details about the building on a property.
Architectural Style: 
Colonial
Stories: 
2
Year Built: 
1893
Living Area: 
0.0
Basement: 
Full
Construction
Construction Materials: 
Asbestos
Foundation Details: 
Block
Roof: 
Asphalt,Fiberglass
Room Details
Details about the rooms in the building.
Total Rooms: 
6
Total Bedrooms: 
3
Total Bathrooms: 
1
Total Full-Bathrooms: 
1
Total Half-Bathrooms: 
0
Total One-Quarter-Bathrooms: 
0
Total Three-Quarter-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Heating System: 
Forced Air,Gas
Cooling System: 
None
Water Source: 
Public
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.28
Lot Size (Area): 
0.28
Lot Features
Parking Type: 
Asphalt,Driveway
Public Record
Parcel Number: 
6826419
Annual Tax: 
$1,221.00
Contract Details
Details about the listing contract.
Possession: 
Delivery Of Deed
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
Russell Real Estate Services

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