385 Lee Drive, Homer, AK 99603

$420,000 Asking Price

3 beds
2 baths
1,944  sqft
Built in 1990

This duplex in downtown Homer, AK is a fantastic investment opportunity! The combination of its tucked-away location on a dead-end street, along with the .38-acre lot and 960 sq. ft. shop, adds significant value. The layout,1 bedroom and 1 bath in the top unit with a peekaboo view of Kachemak Bay, and 2 bedrooms and 1 bath in the lower unit, both equipped with laundry rooms, offers great flexibility for either living in one unit and renting the other or renting both for additional income while keeping the shop for personal or business use. The south-facing deck on the upper unit sounds lovely for catching glimpses of the bay! To make this duplex is even more appealing are the additional updates and features. Being hooked up to natural gas is a huge plus, offering energy efficiency and lower heating costs. The new roof, gutters, fresh exterior paint, and skirting and ample parking. Large yard space which is great for tenants or an owner-occupant who enjoys outdoor space, making it an even more attractive rental or personal property. This is definitely a turnkey investment opportunity!

Features & Amenities

Interior

General:
BR/BA on Main Level, Electric, Range/Oven, Refrigerator, Washer &/Or Dryer, Laminate Counters

Exterior

General:
Barn/Shop, Deck/Patio, Fire Service Area, In City Limits, Road Service Area, Shed
Style:
Hlsd Rnch/Dlt Bsmnt
Parking:
Detached

Construction

Roofing:
Shingle, Asphalt
General:
Block, Wood Frame

Location

Road/Access:
Dirt, Government, Maintained
Originating MLS:
Alaska Multiple Listing Service

Lot

Zoning:
UR - Urban Residential, Glacier View #21 L3A-1, 17720123
View:
Partial

Financial

Source:
Alaska Multiple Listing Service

This listing courtesy of:
Story Real Estate

About Homer, AK

Housing

Number of Units
5,445
Median Home Value
$291,443
Median Rent
$924

26.43% of housing units are renter occupied.

21.71% are vacant.

Commute

Car
69.16%
Public Transportation
0.42%
Walk to Work
4.91%
Work from Home
20.24%
Other
3.99%

The median travel time to work is 14 minutes.

People

Population
9,719
Median Age
40.50
Median Household Size
2.48

Education

High School
21.49%
Associate’s Degree
8.16%
Bachelor’s Degree
22.28%
Graduate Degree
15.71%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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