👑 Portland, OR Condo Deal | Turnkey, No Rental Cap 👑
Asking Price: $220,000
Move-in ready unit in the John Ross luxury high-rise with almost nothing to do but paint — plus no rental cap, so it works as a straight rental hold or a quick flip.
🏠 Property Snapshot
1 bed / 1 bath, ~1,062 sqft
Condo — The John Ross Tower
Built 2006
ARV: $325,000
⭐ Highlights
South Waterfront location on the Willamette River
Open-concept layout with floor-to-ceiling windows and wood floors
One deeded parking space
No rental cap
Utility/storage space in-unit
24/7 concierge service
Large community room with kitchen facilities
Rooftop deck with BBQs
Walking distance to restaurants, shops, OHSU, and the Willamette River
Close to schools, parks, recreation, Tilikum Crossing, and downtown Portland
HOA: $828.77/mo — covers water, sewer, garbage, natural gas, building insurance, maintenance, and concierge
✅ What’s Already Done
Unit is in very good condition, move-in ready
No major systems or structural work needed
🔧 What’s Left
Caulk shower
Minor paint touch-up on one wall
💵 Flip Numbers
Purchase Price: $220,000
Est. Rehab: $1,000
Buy Side Closing (title/escrow): $4,000
Holding Costs (1%/mo x 4 months): $8,800
Listing Commission (1.5% of ARV): $4,875
Buyer’s Agent Commission (2.5% of ARV): $8,125
Total All-In: ~$246,800
ARV: $325,000
💰 Est. Profit (w/ Hard Money): ~$78,200
💰 Est. Profit (Cash/Own Funds): ~$87,000
Public Walkthrough on 8/7 at 2 PM
📌 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.
