3685 Sterling Highway, Homer, AK 99603 (MLS# 24-6991)
$1,650,000
Homer, AK 99603
MLS# 24-6991
7 beds | 6 baths | 4558 sqft

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Property Description
Kenai Peninsula Suites is an Entrepreneur's dream! This profitable and established business is ready for new ownership! We proudly boast 5 star reviews from repeat customers that return year after year! Five unique cabins offer the very best of Alaskan flavor with all the comfort, charm, and stunning VIEWS!! Live, work, play in Alaska!!
Details
Maps
Documents
Contract Info
Price-List: 1650000
Date-Listing: 2024-06-11
Status: Active
Foreclosure/Bank Own: No
Location Tax and Legal
Area: 490 - Homer
Street #: 3685
Street Name: Sterling
Arterial: Highway
Closest USPS Town: Homer
State: AK
Zip Code: 99603
Property Info
Realtor.com Type: Multi-Family
Construction Status: Existing Structure
Beds: 7
Bathrooms Full: 6
Bathrooms Total: 6
Bldgs-Ttl #: 5
Year Built: 2009
SF-Res: 4558
Number of Units: 5
SF-Lot: 101059.2
Acres: 2.32
Prkg Spcs: 10
Lot Area Source: Tax Authority
Zoning: RR - Rural Residential
Directions and Remarks
Directions: Sterling Highway South just before Milepost 169. Look for the Kenai Peninsula Suites sign on the Bay side of the highway.
Property Features
Multi-Family Type: 5+ Units
Exterior Finish: Unknown - BTV
Roof Type: Unknown - BTV
Foundation Type: Unknown - BTV
Construction Type: Unknown
Garage Type: None
Carport Type: None
Heating: Natural Gas; Other
Sewer-Type: Septic Tank
Water Source: Holding Tank; Water Delivered
Access Type: Dedicated Road; Paved; Maintained
View Type: Bay; Glacier; Mountains; Ocean; Unobstructed
Topography: Bluff
Wtrfrnt-Frontage: None
Wtrfrnt-Access Near: None
Features-MultiFamily: Covenants; Fire Pit; Smoke Detector(s); Washer/Dryer
Flooring: See Remarks
Docs Avl for Review: Survey
Listing Terms Financing: Cash; Owner Finance; Other
Supplements
The Cabins all feature custom Spruce furniture, fully equipped kitchenettes, and private porches, all with breathtaking views of the BAY, GLACIERS, and the BEACH below!
Our guests leave worries behind while soaking in the HOT TUB , watching EAGLES soar overhead, and WHALES spouting. Imagine topping off a fabulous day with a glorious, jaw dropping MIDNIGHT SUNSET!!
This property is just a short drive from the city of HOMER for shopping, medical facilities, hiking, exploring, fine dining, and WORLD CLASS FISHING.
Kenai Peninsula Suites is currently cash flowing nicely, however, Buyer could potentially increase the number of rental suites without increasing the building limit by attaching additional suites with kitchenettes to existing structures. For questions regarding expansion, call Will Anderson, Associate Planner with City of Homer. Buyer to perform due diligence.
Buyer will receive Website, Booking Software, Social Media, and all the 5 star Reviews with the purchase of the property.
To see profit/loss and inventory, please request NDA.
Listing Office: RE/MAX Dynamic Properties
Last Updated: January - 06 - 2025

The listing content relating to real estate for sale on this web site comes in part from the IDX Program of Alaska Multiple Listing Service, Inc. (AK MLS). Real estate listings held by brokerage firms other than the site owner are marked with the AK MLS logo and information about them includes the name of the listing brokerage. All information is deemed reliable but is not guaranteed and should be independently verified for accuracy. Site contains live data.