Friday, July 8, 2016
Grande Ronde, Oregon - A Small Community with Investment Potential
Paul Kerley, president of Commercial Property Resources, Inc., in Salem, Oregon, has drawn on his more than three decades of experience as a real estate broker, owner, and property manager to conclude some of the most successful transactions in the region. His acquisition of a large portion of property nearby in the unincorporated community of Grand Ronde enabled him and his team to incorporate Grande Ronde Village, LLC, toward the close of 2015.
The site Paul Kerley chose for his significant investment in this small community consists of more than 40 single-family homes, most of which offer garage or storage space, utility hookups, and fenced yards. The purchase provides housing for households of modest means.
The greater Grande Ronde community, in the northwest part of Oregon near Salem, is home to the Native American population of the Confederated Tribes of Grande Ronde, which maintains tribal culture through the Chachalu Museum. In fact, people with tribal heritage make up about one-fifth of the area’s population.
In the Grande Ronde community, the median home value is approximately $170,000, and the median income is about $40,000. Most residents are in their 50s and 60s.