Fourplex at 131 SE Ainslee Avenue In Depoe Bay, Oregon
Paul Kerley is an experienced real estate investment, development, and management professional in Salem, Oregon. He has owned and operated Commercial Property Resources since 1983. Through his solely owned limited liability company KKCoastal, Paul Kerley recently purchased a fourplex at 131 Ainslee Avenue in Depoe Bay, Oregon.
The 131 SE Ainslee Avenue property covers approximately 4,000 square feet and includes a total of 10 bedrooms. Two of its four units have 2 bedrooms and 1.5 bathrooms, and two of its four units have 3 bedrooms and 1.5 bathrooms. All units come fully equipped with appliances that range from refrigerators and oven/stoves to dishwashers and washer/dryer combos. The property also features 8 convenient parking spaces. Original construction on this multi-family home ceased in 1995.
KKCoastal paid $550,000 for the 131 SE Ainslee Avenue property. Barbara Bechmann of Emerald Coast Realty represented both the purchaser and the seller in this deal. Precision Capital provided the investment financing and both Chris Bettis and Adam Stasdas served as mortgage brokers.