Two-Bedroom Units at River Road Apartments in Keizer

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River Road Apartments in Keizer - Two-Bedroom Units

An accomplished real estate executive in Salem, Oregon, Paul Kerley has served as the president and owner of Commercial Property Resources, Inc., since 1983. His investments include single-family homes and multi-family apartment buildings, as well as condominiums, duplexes, and other commercial properties. Paul Kerley led the company in the recent acquisition of River Road Apartments in the Salem, Oregon, suburb of Keizer.

Located in a prime location at 4133 to 4143 River Road in North Keizer, the apartment complex includes six two-bedroom/one-bathroom units, each of which comes with a tenant parking place. Common amenities include an on-site laundry facility, and the owner pays all water, sewage, and garbage utility expenses. The complex’s location offers easy access to nearby shops and restaurants, and it receives a walk score of 74 on apartments.com, which rates it “very good” in terms of accessibility to transit and local points of interest.

Along with the two-bedroom units, the property includes a 1,700-square-foot, stand-alone commercial office building.

19 Units at Salem’s Carleton Way Apartment Complex

A real estate development professional with more than three decades of experience, Paul Kerley of Salem, Oregon, currently heads Commercial Property Resources, Inc., as president. In recent years, Paul Kerley has guided the firm in the acquisition of properties such as the Carleton Way Apartment Complex in Salem, Oregon.

Located in the attractive neighborhood of Northgate, one of the city’s larger districts and a hub for transportation and commerce, the Carleton Way apartment complex comprises 19 units, all of which are one bedroom/one bathroom. In 2018, the complex was completely renovated, making each unit practically new. Each unit contains stainless steel kitchen appliances, a range, microwave, refrigerator, and dishwasher, and an outdoor deck. The complex is a short drive from popular Salem attractions such as the Chemeketa Community College Planetarium and the A.C. Gilbert’s Discovery Village.

Financed through Hunt Mortgage, the sale price was $2.6 million, and Gabe Johansen served as principal broker for both parties.

River Crest Apartments – Close to All the Benefits of Salem, Oregon

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Kerley Properties Remodels Carleton Way Apartments in Salem

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The Kenneth A. Holmes Office Building

Paul Kerley has served as president of Salem-based Commercial Property Resources, Inc., for over 20 years. He manages over 1,800 residential units throughout Oregon, with more than 100 employees. A former real estate attorney, Paul Kerley leverages his experience in commercial real estate in managing his extensive asset portfolio. Recently, he purchased the Kenneth A. Holmes Office Building.

Located in the business district of Central Salem, the Kenneth A. Holmes Office Building is a 45,000-square-feet, multi-tenant, Class B property. This building was constructed in 1964 and initially served as office space for Key Title Company before becoming the property of Kerley Properties, LLC, changing ownership for the first time in over 30 years. While occupying the property, Key Title Company was the largest family-owned title company in Oregon.

The Kenneth A. Holmes office building features 22,000 square feet of office space and 182 available parking spaces. The property sold for $3 million, and SMI Commercial Real Estate, LLC, and principal broker, Gabe Johansen, represented Kerley Properties, LLC, during the transaction. Terry Frohnmayer represented the seller.

River Road, River Creek Apartments Put Residents Close to Salem Jobs

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