The Glyn Villa Apartments is a 14-unit complex of 2-story townhomes located in Salem, OR. This property was in poor condition at acquisition, with major deferred maintenance and below-market rents. Self-funded without external investors, the project focused on making the property habitable, turning units, and adjusting rents to market levels. With a projected profit of $840,000 and an AAR of 38%, this property has been repositioned as a safe, high-quality living environment for long-term tenants.

Location: Salem, OR

Type of Property: Commercial Apartments

Year Built: 1967

Units: 14 (2-bed, 1.5-bath, 2-story townhomes)

Investment Details:

• Investment Date: 4/1/2022

• Exit Date: Still Held

• Initial Investment Amount: $432,000

• Profit: $840,000 (Projected)

• AAR: 38% (Projected)

Funding Structure:

• Self-funded without external investor capital

Development/Improvements:

• Addressed poor conditions (no heat, major disrepair)

• Turned units to bring rents to market

• Made the property habitable and safe