👑 Vancouver, WA Condo Flip | Cosmetic Only – Resort-Style Amenities 👑
Asking Price: $165,000
Public Walkthrough on 9/3 at 11 AM
Turnkey Salmon Creek Estates condo needing cosmetic work only — carpet, paint, and minor repairs. Resort-style amenities and a built-in buyer pool make this an easy exit.
🏠 Property Snapshot
2 bed / 1 bath, ~964 sqft
Condo — Salmon Creek Estates
Built 1979
ARV: $250,000
⭐ Highlights
Heat pump
Wood-burning fireplace in living room
Covered carport with outdoor storage
Fenced yard
Salmon Creek Estates amenities: pool, clubhouse, fitness center, tennis/pickleball courts, hot tub, sauna
Near schools, shopping, grocery stores, pharmacies, fuel, restaurants, parks and outdoor recreation
✅ What’s Already Done
Upgraded thermostats
🔧 What’s Left
Minor repairs
Replacement of bedroom carpets
Painting
🏢 HOA
$470/month
Includes water, sewer, pools, sauna, yard maintenance, and all outdoor plumbing
Rental eligible (waiting list currently in place)
💵 Flip Numbers
Purchase Price: $165,000
Est. Rehab: $10,000 – $20,000
Buy Side Closing (title/escrow): $4,000
Holding Costs (1%/mo x 4 months): $6,600
Listing Commission (1.5% of ARV): $3,750
Buyer’s Agent Commission (2.5% of ARV): $6,250
Total All-In: ~$195,600
ARV: $250,000
💰 Est. Profit (w/ Hard Money): ~$54,400
💰 Est. Profit (Cash/Own Funds): ~$61,000
🔗 ARV Comps:
https://www.zillow.com/homedetails/13102-NW-8th-Way-UNIT-2-C-Vancouver-WA-98685/23294063_zpid/
https://www.zillow.com/homedetails/804-NW-132nd-St-APT-B-Vancouver-WA-98685/448524984_zpid/
https://www.zillow.com/homedetails/802-NW-133rd-St-APT-A-Vancouver-WA-98685/23294131_zpid/
📌 CIK Terms: $10K non-refundable EMD due within 24 hours of mutual acceptance. Buyer pays all closing costs. AS-IS sale — informational inspections only, no renegotiations. No assignments. Brokers welcome with pre-disclosed representation.
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Cash or hard money only, price is net to seller, buyer pays all closing costs, property sold in as-is condition, buyer is responsible for their own due diligence and verifying all facts and figures in regards to purchasing the property. Wholesale King does not allow for buyers to reassign or sell to a third party prior to close. Opinion of value and breakdown spreadsheet is given as a courtesy only as seller makes no guarantees or warranties, express or implied, as to the value, condition, remodel cost, and/or any costs or fees associated with selling or investing in this property. Members of selling entity are real estate licensee’s in the State of Oregon and Washington. Real Estate Licensee and/or associated brokerage are not acting in any role as real estate broker or as a brokerage of this transaction. No brokers are receiving compensation as part of this Agreement and are not representing any party.
