401 S Main Street

Investment opportunity in the heart of Homer! This stately home sits on a corner lot along Main Street and has been converted into two spacious apartment units, each offering approximately 1,224 square feet. The main-level unit features 2 bedrooms, 1 bathroom, impressive 10-foot ceilings, hardwood flooring, and original woodwork that adds to the home's character. The upper unit offers 3 bedrooms, 1 bathroom, and an enclosed porch. Both units feature updated kitchens, in-unit washers and dryers, and separate furnaces and water heaters. Approximately 80% of the windows have been replaced. A full basement provides additional storage, while the two-car detached garage provides one parking space for each unit. Additional features include a gravel driveway and city water and sewer. Both units are currently leased, including a long-term tenant in the upper unit, offering an opportunity to add an established rental property to your investment portfolio.