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BigIron Realty

Apartment Complex: 26 Units in one building , Fairbury, NE
ID# BIR2222F
Location: Fairbury, NE
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    General Description

    : 26 units in one building in Beatrice Nebraska. Built in 1923 and beautifully refurbished in 2006, all 26 units are two-bedroom apartments. In addition to the apartments, the building offers spacious interior walkways and has a wonderful common space on the first floor that has the potential to be offered to the community as event space.  Upgrades include a new TPO flat roof has been installed on the 2nd. Floor and3rd floor in November, 2023.  One of the 26 AC units was replaced in 2023 and there is an additional new unit placed on the roof but not installed.  The current management has been making numerous updates to the apartments including Vinyl plank floors, New Appliances as needed, Kitchen and Bathroom upgrades as needed.

     

    Price:

    School House:                      720 J St. Fairbury, NE     $2,156,310.00

     

    Legal Description:  

    School House:        720 J St. Fairbury, NE   Parcel #  480121001   14-2N-2E

     

    2023 Taxes:

    School House:        720 J St. Fairbury, NE    $14,910.96

     

    Owner/s: Steve and Julie Maguire.

     

    Listing Agent/s: Ken Maguire

     

    Bedrooms/Bathrooms:

    School House:                      26 units total            26 two-bedroom units

     

    Square Feet:

    School House:                      57,778 Sq. Ft

     

    Year Built:                           

    School House:          Year:  1923 Refurbished in 2006

     

    Style:

    School House:                                  Brick

                

    Garage:

    Covered parking for all 26tenants.

    No garage units on the property

     

    Heating and Air Conditioning:                          

    School House:                    26 Units - 1of 26 units was replaced in 2023 and 1 additional unit was placed on the roof but not installed. 

     

    Windows:

    Not reported; No planned upgrades

     

    An Income and expense statement on the Fairbury Properties is attached in sperate file. The Fairbury properties are:

     

    School House:                      720 J St. Fairbury, NE

     

    The information on this property was obtained from sources deemed reliable, however sellers and broker make no guarantees as to the accuracy.  All prospective buyers are encouraged to fully inspect the property and rely on their own conclusion.

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