Through his solely owned company, Snow & Kerley Properties, LLC, Mr. Kerley secured financing through mortgage broker Chris Bettis with Precision Capital in Eugene to acquire the property for $285,000. The small complex includes both one-bedroom/one-bath and studio units. Potential tenants will pay for electricity; the landlord will cover other utilities, such as water and trash. The complex is equipped with a new roof, new windows and an onsite laundry for added convenience.
A real estate executive with almost three decades of experience in the industry, Paul Kerley has acquired 1,500 residential units in Salem and neighboring communities in Oregon. Through his property management company Commercial Property Resources, Inc., Paul Kerley has directly or indirectly managed over 100 employees in the maintenance of his assets. Mr. Kerley’s combined expertise as an owner, manager, and commercial real estate broker led to his successful purchase of a Salem, Oregon apartment complex located at 1090-1098 Capitol St. NE.
Through his solely owned company, Snow & Kerley Properties, LLC, Mr. Kerley secured financing through mortgage broker Chris Bettis with Precision Capital in Eugene to acquire the property for $285,000. The small complex includes both one-bedroom/one-bath and studio units. Potential tenants will pay for electricity; the landlord will cover other utilities, such as water and trash. The complex is equipped with a new roof, new windows and an onsite laundry for added convenience.
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Salem, Oregon, resident Paul Kerley graduated from Montana State University and the Willamette University College of Law and has several decades of experience in real estate investment and the law. Paul Kerley is the president and owner of Commercial Property Resources, Inc, a real estate management firm in Salem, Oregon, which owns approximately 1,500 residential units throughout the state.
One of the business’s most recent acquisitions is a seven-unit apartment complex located at 2547-2561 Lee St. SE in Salem. Purchased through Snow & Kerley Properties, LLC, for $435,000, the property comprises several 1 bedroom/1 bathroom units and several 2 bedroom/1 bathroom units. All units include carports and fenced yards, and they share an onsite laundry room. The landlord is responsible for water, sewer, and garbage bills, while the tenant pays the other utilities, including electricity and gas. The transaction was financed through Precision Capital, with Chris Bettis acting as the mortgage broker and principal broker Gabe Johansen representing the buyer. |
AuthorHe currently owns and oversees approximately 1,000 residential units that he acquired through a wide range of professional real estate partnerships. Archives
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