👑 Ground-Floor Vancouver Condo with Garage – Easy Rental or Flip Lite 👑
Price: $160,000
This is a simple, no-headache deal in Hazel Dell in Vancouver. Ground-floor units with a private detached garage are a strong combo—easy to rent, easy to resell.
7212 NE 16th Ave #703, Vancouver, WA 98665
2 bed / 1 bath, ~1,000 sqft with the features that actually matter:
In-unit laundry
Fireplace
Covered patio + green space
Private garage/storage
Location does the heavy lifting—quick I-5 access, near Salmon Creek, Vancouver Lake, and everyday retail.
The Numbers
ARV: ~$230K
Remodel: ~$15K
Needs / Value-Add -To push it to top of market:
New kitchen countertops
Paint cabinets (cheap, high impact)
Laundry room floor tile
New tub
👉 All cosmetic—no heavy lift.
HOA Strength
No known upcoming special assessments
Strong reserves
Well-managed HOA
HOA fee: $495 monthly; includes water, sewer, and garbage
Link to HOA docs: https://tinyurl.com/hoa16th
Why This One Works
This unit is rental eligible, which matters. You’re not stuck waiting on owner-occupant buyers—you’ve got flexibility to rent immediately, hold long-term, or exit clean. That added liquidity plus steady tenant demand in this pocket makes it a safer play than most entry-level condos.
Deal Breakdown (Flip Scenario)
Purchase: $160,000
Rehab: $15,000
Closing (buy + sell): $10,000
Holding (3 months): $6,000 (if financed)
List-side commission (1.5%): $3,450
Buyer’s agent commission (2.5%): $5,750
👉 Total All-In: $200,200
Sale Price: $230,000
👉 Estimated Profit: $29,800
Option 2 – BRRRR / DSCR Hold
Assumptions:
Refi value: $230,000
~7% DSCR loan
P&I: ≈ $1,150/mo
Rental Snapshot:
Rent: ~$1,700
DSCR Payment: ~$1,150+ HOA and Taxes
Bottom line
Flip = ~$30K deal
Hold = very low cash-in, light cash flow, long-term equity play
Public Walkthrough on 5/4 at 1 PM
Closing date: 5/8/2026 – Cash and hard money only, 10,000 EM deposit upon mutual acceptance. Buyer to pay closing costs.
Please contact us via DM or call if you have any other questions (503) 404-4532.
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.
