Location: Salem, Oregon

Glyn Villa Apartments is a 14-unit townhome-style multifamily asset located in Salem, Oregon. Acquired in distressed condition, the property was self-funded and repositioned through a comprehensive turnaround strategy. At the time of acquisition, many units were uninhabitable, with no heat, major disrepair, and severely under-market rents. The project focused on full interior renovations, exterior upgrades, and re-tenanting to achieve market-level cash flow and improve asset value.

With all 2-bedroom, 1.5-bath, 2-story layouts, Glyn Villa now offers functional, desirable housing for long-term tenants in a high-demand rental market. The property was acquired without external investor capital and is projected to generate $840,000 in profit, with an estimated 38% average annual return (AAR).

Property Details

• Type of Property: Townhome-Style Multifamily

• Status: Stabilized

• Year Built: 1967

• Total Units: 14

• Unit Mix: All units are 2 Bed / 1.5 Bath, 2-story townhomes

• Tenant Profile: Workforce renters, long-term tenants, small families

Investment Overview

• Investment Date: April 1, 2022

• Exit Date: Still Held

• Initial Investment Amount: $432,000

• Projected Profit: $840,000

• Projected AAR: 38%

• Hold Strategy: Stabilized hold with consistent cash flow and value appreciation

Capital Structure

• Equity: Self-funded by sponsor group

• Debt: None or minimal leverage

• Investor Structure: No outside investor capital used

Development Strategy

• Rehabilitation: Addressed critical issues including heating, plumbing, and structural disrepair

• Unit Renovation: Turned each unit with new finishes, appliances, and functionality upgrades

• Rent Strategy: Gradually increased rents to current market levels as units were brought online

• Stabilization: Implemented operational systems and tenant screening processes to ensure performance

Investment Thesis

Glyn Villa Apartments represents a successful value-add strategy executed without outside capital, showcasing disciplined asset selection and operational improvement. By transforming a distressed property into a safe, habitable, and desirable community, the asset now produces stable income and long-term appreciation potential. With townhome-style layouts in a market with limited new supply, Glyn Villa continues to attract quality tenants and generate strong cash-on-cash returns.