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$1,585,000   Price Analysis
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54532 Pheasant Ave
Homer, AK 99603
10 bed 8 bath 5,779 SqFt ($274/SqFt)
2.0 acre lot. Built 1999
Listed 2024-04-27, Taxes $7,559
May be USDA loan restricted due to income limits
near Homer

Looking for an investment property with the idyllic Alaskan log homes? Four standalone private cabins that have been recently updated and remodeled.

Each unit has spectacular views of Kachemak Bay through giant windows, large decks for relaxing and warm propane fireplaces and vaulted ceilings. The main lodge is perched at the top of the property and is a large 4-bedroom 2 bath home. The three other buildings are duplex-style log chalets with one bedroom and one bath in each unit. Each unit features its own kitchen and washer/dryer hookups. The larger cabin and two others are being sold furnished. This is a extraordinary opportunity to invest in Homer!

Live in one unit, enjoy all the lower Kenai Peninsula has to offer while renting out the other three units. Wth a total of seven units this investment opportunity is ideal for both short term AND long term rentals!


Presented by Valerie Buss at
Kachemak Keller Williams Realty Alaska Group.
Listing Agent Photo

Property MLS #24-4494 from AlaskaMLS

Bedrooms: 10

Total Bathrooms: 8
Full Bathrooms: 8

Lot Description: Gently Rolling
Lot Size Acres: 2.0
Lot Size Source: Tax Authority
Lot Size Square Feet: 94525

Open Parking Spaces: 8

View: Mountains, Ocean, Spit

Association: No
Calculated Total Monthly Association Fees: 0

Number of Buildings: 4
Number of Units: 4

Elementary School: McNeil Canyon
High School: Homer
Middle School: Homer

Mcneil Canyon Elementary School is a public elementary school located approximately 2.6 miles away.
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Homer High School is a public high school located approximately 9 miles away.
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Homer Middle School is a public middle school located approximately 10.1 miles away.
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Source Listing Status: Active
Directions: 9.2 miles East End Road to Walters St. Right on Walters, first st to the right and is the first property on the right.
Source Property Type: Multi-Family
Area: 1B - Kenai Peninsula Borough
MLS Area Minor: 492 - Kachemak City/Fritz Creek
Source Neighborhood: 1B - Kenai Peninsula Borough
Parcel Number: 17213339
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$569,400 + $71,200
$640,600
$7,559
2021$582,100 + $68,000
$650,100
$7,437
2020$577,600 + $64,600
$642,200
$7,025
2019$570,500 + $64,600
$635,100
$6,986
2018$543,600 + $46,800
$590,400
$6,494
2017$542,600 + $68,400
$611,000
$6,598
2016$526,400 + $40,900
$567,300
$6,126
2015$520,300 + $40,900
$561,200
$6,060
2014$508,700 + $40,900
$549,600
$5,935
2013$508,300 + $40,900
$549,200
$5,739
2012$515,400 + $40,900
$556,300
$5,813
2011$507,500 + $56,300
$563,800
$5,891
2009$594,100 + $56,300
$650,400
$6,471
2007$397,500 + $41,100
$438,600
$4,627
2007$522,500 + $53,400
$575,900
$4,627

Listed 2024-04-27
$1,585,000
AlaskaMLS
Listed 2024-04-26
$1,585,000
AlaskaMLS
Sold 2022-05-03
$0
AlaskaMLS

Total Square Feet Living: 5779
Year Built: 1999
Building Area Total: 5779
Building Exterior Type: Log
Construction Materials: Log
Foundation Details: Poured Concrete
Property Age: 25
Roof: Metal
Total Area Sqft: 5779

Sewer: Septic Tank
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.