Based in Salem, Oregon, Paul Kerley has worked for more than three decades as a real estate owner and management specialist. Outside of his responsibilities at the Salem-based Commercial Property Resources, Inc., Paul Kerley owns a limited liability company called KKCoastal. Under his leadership, this firm recently purchased rental units in Newport, Oregon.
Through the representation of Windermere Properties' Anita Quilici, KKCoastal was able to acquire the Alder Street Apartments at 1007 SW Alder Street in Newport. Financed through Precision Capital, the purchase totaled $550,000. For this price, KKCoastal obtained six rental units and an accompanying cottage spread across half an acre of land.
Of Alder Street Apartments’ six units, five include one bedroom and one bathroom while the last unit comprises two bedrooms and one bathroom. The cottage boasts a cozy one-bed, one-bath interior with an outdoor deck. The property has amenities such as electric heating and laundry equipment as well as seven resident parking spaces.
Alder Street Apartments is situated within minutes of downtown Newport and the Pacific Coast. Other local attractions include the Hatfield Marine Science Center and the Oregon Coast Aquarium.
