Friday, April 29, 2016

The Background, Features, and Rental of Whitman Park Apartments

Paul Kerley, a real estate professional serving Salem, Oregon, leads Commercial Property Resources, Inc., and Kerley Properties, LLC. Among the properties owned by Paul Kerley are the Whitman Park Apartments, situated at 1873-1901 Highway Avenue NE, Salem, Oregon 97301.

The Whitman Park Apartments sold for $4.35 million cash, with financing from the Hunt Mortgage Group. Bradley Willson of the Marcus & Millichap Capital Corporation served as the mortgage broker, and Anita Risberg from Salem advised on the transaction.

The two-story, multifamily property contains 92 units. Floor plans begin at 788 square feet and reach a size of 1,096 square feet. One- and three-bedroom units make up approximately a fourth of the apartments. The majority are two-bedroom homes. Each unit features wood flooring, and some offer carpet. A dishwasher and a washer-dryer hookup is included, as well as amenities such as wood-burning fireplaces and a community pool.

Tenants must pay a deposit upon signing a lease. Going forward, they are responsible for paying rent monthly. Pets are admissible as long as they do not display aggressive behavior. A pet deposit and rent is required for each.