838 Fess Avenue, Akron, OH 44307

Property Description

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.