$45,000
838 Fess Ave, Akron, OH 44307 is a classic 2-story Craftsman/Colonial single-family home offering 3 bedrooms, 1 bathroom, and 1,393 sq. ft. of living area on a 0.11-acre (4,950 sq. ft.) lot. Built in 1919, the home features strong structural bones, a traditional 7-room floor plan (including formal living and dining spaces), and existing central HVAC infrastructure.
**Built-in Infrastructure:** Central heating (forced air, natural gas) and central air conditioning systems are already installed.
**Layout:** Formal living room, formal dining room, 3 upper-level bedrooms, 1 full bath, and a full basement.
**Exterior:** Off-street parking, wood siding, asphalt/fiberglass roof, and a low-maintenance lot.
* **Terms:** Cash purchase, vacant, annual property taxes estimated around $1,200.
Remodel & Value-Add Requirements
The property serves as a blank canvas requiring cosmetic and functional updates to maximize value and monthly cash flow:
* **Kitchen & Bathroom:** Complete modern updates to fixtures, cabinetry, flooring, and appliances.
* **Cosmetics:** Interior paint, drywall repairs, floor refinishing or new carpet/LVP installation, and light fixture updates throughout.
* **Exterior Touch-ups:** Minor wood siding repairs, fresh exterior trim paint, and simple curb appeal landscaping
### Rental Income & Investment Potential
| **Estimated Market Rent (Akron 44307)** | $1,000 – $1,200/month |
| **Annual Gross Income** | $12,000 – $14,400 |
| **Annual Property Taxes** | ~$1,200/year |
**Investment Strategy:**
* **BRRRR Potential:** The low purchase price combined with existing mechanicals (central A/C and forced air furnace) reduces upfront capital expenditure, making it an ideal candidate to buy, rehab, rent, and refinance to extract sweat equity.
* **Section 8 / Long-Term Tenant Demand:** 3-bedroom single-family rentals in Akron experience strong tenant demand, providing steady cash flow opportunities for long-term buy-and-hold investors.
3
Beds
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1
Baths
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5257511
MLS
838 Fess Avenue, Akron
