Based in Salem, Oregon, Paul Kerley has more than 40 years of experience leading Commercial Property Resources, Inc., where he manages a portfolio of 1,500 residential units across Oregon. Through his LLC, Guyker Properties, Paul Kerley recently acquired Marion Apartments and Fir Villa Court.
According to a pre-purchase appraisal, Marion Apartments is a two-story garden apartment building with a basement. With units that average 452 square feet, the building covers 7,502 square feet. Enhancements, which have been subject to periodic updates over the years, were introduced in the 1920s.
A multifamily garden apartment property encompassing 16 units, Fir Villa Court has net rentable space of nearly 13,000 square feet on a 1.5-acre site. The units, which include a three-bedroom apartment among predominantly one- and two-bedroom apartments, average 801 square feet. Improvements were undertaken in the early 1960s.
Located at 610 Commercial St. NE and 4851-4881 Blossom Ct. NE, the complexes were remodeled in 2017.
