7212 NE 16th Ave #703 Vancouver, WA 98665

👑 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: 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.