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Parkside Manor: 3of14 properties: 284 Units 130 S 5th St 24 Unit Apartment Building $2,758,680 ($114,945/Unit) Hebron, NE 68370



INVESTMENT HIGHLIGHTS
- 14 properties in communities. Beatrice, Fairbury, Hebron, and York Nebraska and Belelville Kansas
- Units by community: Beatrice 35 unites and 14 garage units: Fairbury 96 units and 23 garage units: Hebron 45 units and 20 garage units.
- Capital improvements: 199 AC units have been replaced since 2022: 14 of the 20 buildings have new roof systems: 135 Windows replaced in 7 b.
- A total of 284 unites and 143 garage units
- Units by community: York 92 units and 68 garage units: Belleville, KS 16 units and 0 garage units
EXECUTIVE SUMMARY
REDUCED PRICE 4/8/24
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.
Address:
Terrace Annex: 130S 9th St, Hebron, NE
Terrace 915 Lincoln, Hebron, NE
Hebron House 524 Jefferson, Hebron, NE
Parkside Manor 130 S 5th St. Hebron, NE
Legal Description:
Terrace Annex: 130 S 9th 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 5thSt. Hebron, NE Parcel # 850066484 6-2N-2W
2023 Taxes:
Terrace Annex: 130 S 9th 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 5th St. Hebron, NE $6,051.64
Owner/s: Fairbury 48LLC.
Listing Agent/s: Ken Maguire. To make an offer call or text Ken at 307-385-7415
Reduced Price:
Terrace Annex: 130 S 9th 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 5thSt. Hebron, NE$1,466,640.00
Total Asking Price: $ 2,758,680.00
Bedrooms/Bathrooms:
Terrace Annex: 130 S 9th 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 5th St. Hebron, NE
24 total units All One-bedroom units
Square Feet:
Terrace Annex:130 S 9th 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 5thSt. Hebron, NE 18,581 Sq. Ft
Year Built:
Terrace Annex: 130 S 9th St, Hebron, NE Year: 1970
Terrace 915 Lincoln, Hebron, NE Year: 1960
Hebron House 524 Jefferson, Hebron, NE Year: 1925
Parkside Manor 130 S 5th 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 9th St, Hebron, NE
Terrace 915 Lincoln, Hebron, NE
Hebron House 524 Jefferson, Hebron, NE
Parkside Manor 130 S 5thSt. Hebron, NE
Listing Agent/s: Ken Maguire. To make an offer call or text Ken at 307-385-7415
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.
Address:
Terrace Annex: 130S 9th St, Hebron, NE
Terrace 915 Lincoln, Hebron, NE
Hebron House 524 Jefferson, Hebron, NE
Parkside Manor 130 S 5th St. Hebron, NE
Legal Description:
Terrace Annex: 130 S 9th 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 5thSt. Hebron, NE Parcel # 850066484 6-2N-2W
2023 Taxes:
Terrace Annex: 130 S 9th 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 5th St. Hebron, NE $6,051.64
Owner/s: Fairbury 48LLC.
Listing Agent/s: Ken Maguire. To make an offer call or text Ken at 307-385-7415
Reduced Price:
Terrace Annex: 130 S 9th 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 5thSt. Hebron, NE$1,466,640.00
Total Asking Price: $ 2,758,680.00
Bedrooms/Bathrooms:
Terrace Annex: 130 S 9th 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 5th St. Hebron, NE
24 total units All One-bedroom units
Square Feet:
Terrace Annex:130 S 9th 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 5thSt. Hebron, NE 18,581 Sq. Ft
Year Built:
Terrace Annex: 130 S 9th St, Hebron, NE Year: 1970
Terrace 915 Lincoln, Hebron, NE Year: 1960
Hebron House 524 Jefferson, Hebron, NE Year: 1925
Parkside Manor 130 S 5th 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 9th St, Hebron, NE
Terrace 915 Lincoln, Hebron, NE
Hebron House 524 Jefferson, Hebron, NE
Parkside Manor 130 S 5thSt. Hebron, NE
Listing Agent/s: Ken Maguire. To make an offer call or text Ken at 307-385-7415
PROPERTY FACTS Under Contract
| Price | $2,758,680 | Building Class | C |
| Price Per Unit | $114,945 | Lot Size | 0.41 AC |
| Sale Type | Investment | Building Size | 38,733 SF |
| No. Units | 24 | Average Occupancy | 92% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1981 |
| Apartment Style | Garden | ||
| Zoning | 03-COMMERC | ||
| Price | $2,758,680 |
| Price Per Unit | $114,945 |
| Sale Type | Investment |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.41 AC |
| Building Size | 38,733 SF |
| Average Occupancy | 92% |
| No. Stories | 3 |
| Year Built | 1981 |
| Zoning | 03-COMMERC |
AMENITIES
SITE AMENITIES
- Laundry Facilities
1 1
PROPERTY TAXES
| Parcel Number | 850066484 | Improvements Assessment | $612,220 |
| Land Assessment | $10,210 | Total Assessment | $622,430 |
PROPERTY TAXES
Parcel Number
850066484
Land Assessment
$10,210
Improvements Assessment
$612,220
Total Assessment
$622,430
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Parkside Manor: 3of14 properties: 284 Units | 130 S 5th St
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