Apartment Complexes: 5th, 9th, Lincoln, and Jefferson, Hebron, NE

Hebron Properties Fairbury

Description: 

These 4 apartment buildings are in close proximity of each other.  There is a total of 45 units:  there are 21 two-bedroom apartments and 24 one-bedroom apartments.  Terrace has anew TPO roof installed in 2023, Terrace Annex had new shingles installed in2023.  A new steel roof has been installed on the garage units on the Terrace Annex complex.  Hebron House received new shingles in 2023. 36 of the 45 AC units were replaced or will be replaced in November 2023.  The current management has been making numerous updates to the apartments including vinyl plank floors. New appliances needed. Kitchen and bathroom upgrades as needed. 

PRICE REDUCED

Address: 

Terrace Annex:                    130S 9^th St, Hebron, NE

Terrace                                   915 Lincoln, Hebron, NE

Hebron House                      524 Jefferson, Hebron, NE

Parkside Manor                    130 S 5^th St.  Hebron, NE

Legal Description:  

Terrace Annex:                    130 S 9^th St, Hebron, NE Parcel# 850067510   6-2N-2W

Terrace                                   915 Lincoln, Hebron, NE Parcel # 850067685  6-2N-2W

Hebron House                      524 Jefferson, Hebron, NE Parcel # 850066395  6-2N-2W

Parkside Manor                    130 S 5^thSt.  Hebron, NE   Parcel #  850066484 6-2N-2W

2023 Taxes:

Terrace Annex:                    130 S 9^th St, Hebron, NE                $3,747.80

Terrace                                   915 Lincoln, Hebron, NE                $2,919.90

Hebron House                      524 Jefferson, Hebron, NE             $383.66

Parkside Manor                    130 S 5^th St.  Hebron, NE               $6,051.64

Owner/s: Fairbury 48LLC.

Listing Agent/s: Ken Maguire

Price:

Terrace Annex:                    130 S 9^th St, Hebron, NE $558,720.00

Terrace                                   915 Lincoln, Hebron, NE $680,940.00

Hebron House                      524 Jefferson, Hebron, NE $52,3800.00

Parkside Manor                    130 S 5^thSt.  Hebron, NE$1,466,640.00

                                                Total Asking Price:           $ 2,758,680.00

Bedrooms/Bathrooms:

Terrace Annex:                    130 S 9^th St, Hebron, NE

            8 total units               All Two-bedroom units

Terrace                                   915 Lincoln, Hebron, NE

            12 total units             All Two-bedroom units

Hebron House                      524 Jefferson, Hebron, NE

                                                Two-bedroom house

Parkside Manor                    130 S 5^th St.  Hebron, NE

            24 total units             All One-bedroom units

Square Feet:

Terrace Annex:                    130 S 9^th St, Hebron, NE                13,000 Sq. Ft.

Terrace                                   915 Lincoln, Hebron, NE                6,360 Sq. Ft.

Hebron House                      524 Jefferson, Hebron, NE             792 Sq. Ft.

Parkside Manor                    130 S 5^thSt.  Hebron, NE               18,581 Sq. Ft

Year Built:

Terrace Annex:                    130 S 9^th St, Hebron, NE                Year:  1970

Terrace                                   915 Lincoln, Hebron, NE                Year: 1960

Hebron House                      524 Jefferson, Hebron, NE            Year:   1925

Parkside Manor                    130 S 5^th St.  Hebron, NE               Year:  1981

Style:

Terrace Annex:                    ¾ brick/Panel Siding

Terrace                                   Brick

Hebron House                      Siding

Parkside Manor                    Brick/Panel Siding

Garage:

Terrace Annex:                    18 garage units Shared with Terrace

Terrace                                   shares with Terrace Annex

Hebron House                      2 garage units and one small Utility shed

Parkside Manor                    No garage units on property

Heating and Air Conditioning:                          

Terrace Annex:                    7 of the 8 AC units have been or are scheduled to be replaced since 2020

Terrace                                   8 of the 12AC units have been or are scheduled to be replaced since 2020

Hebron House                      The AC unit has been replaced

Parkside Manor                    24 of the 25 AC units have been or are scheduled to be replaced since 2020  the last remaining unit was replaced in 2018/2019.

Windows:

Not reported; No planned upgrades

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

Terrace Annex:                    130 S 9^th St, Hebron, NE

Terrace                                   915 Lincoln, Hebron, NE

Hebron House                      524 Jefferson, Hebron, NE

Parkside Manor                    130 S 5^thSt.  Hebron, NE