An accomplished real estate executive in Salem, Oregon, Paul Kerley has served as the owner and president of Commercial Property Resources, Inc. since 1983. Salem, Oregon resident Paul Kerley manages 1,800 residential units at a time. His recent acquisitions include River Road Apartments, purchased through the single entity Kerley River Road, LLC.
Located in Keizer, Oregon, River Road Apartments includes six units that each have two bedrooms with one bathroom and an average size of 670 square feet. The conveniently located complex offers easy access to several restaurants and retail stores, as well as ample tenant parking. In addition to the two-bedroom units, the property includes a 1,700 square foot stand-alone commercial office building.
The purchase price for River Road Apartments was $1,050,000. Gabe Johansen, the principal broker for SMI Commercial Real Estate LLC, represented the buyer in the transaction, while Tyce Nelson of Nelson Commercial Real Estate LLC served as principal broker for the sellers.
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