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General Description
: 70units in six buildings in Fairbury Nebraska. There are 57 two-bedroom apartments, 12 one-bedroom apartments and 1 commercial unit. There are also 43 garage storage units included in the package. New flat TPO roofs/shingles on Eastview and Crestwood H St. Colonial Court received new shingles, the flat roof portion was inspected by contactor and no upgrades planned. 60 of the 70 AC units have been replace since 2020. Pinecrest has one commercial unit in the lower level with opportunity to develop remaining space in the lower level. 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:
E Street Apartments 828 E St. Fairbury, NE $611,100.00
Eastview 525 I St. Fairbury, NE $458,325.00
Colonial Court 905 5th St. Fairbury, NE $1,187,280.00
Crestwood H St: 1710 H St. Fairbury, NE $663,480.00
Crestwood 17th St. 815 17th St. Fairbury, NE $497,610.00
Pinecrest: 1011 K St, Fairbury, NE $1,632,510.00
Total asking Price: $5,050,305.00
Legal Description:
E Street Apartments 828 E St. Fairbury, NE Parcel # 480021457 14-2N-2E
Eastview 525 I St. Fairbury, NE Parcel# 480017867 14-2N-2E
Colonial Court 905 5th St. Fairbury, NE Parcel# 480017603 14-2N-2E
Crestwood H St: 1710 H St. Fairbury, NE Parcel# 480013969 11-2N-2E
Crestwood 17th St. 815 17th St. Fairbury, NE Parcel # 480013861 11-2N-2E
Pinecrest: 1011 K St, Fairbury, NE Parcel # 480083797 14-2N-2E
Owner/s: Fairbury 48LLC.
Listing Agent/s: Ken Maguire
2023 Taxes:
E Street Apartments 828E St. Fairbury, NE $4,952.08
Eastview 525I St. Fairbury, NE $3,374.96
Colonial Court 9055th St. Fairbury, NE $7,927.72
Crestwood H St: 1710H St. Fairbury, NE $5,299.20
Crestwood 17th St. 815 17th St. Fairbury, NE $4,447.44
Pinecrest: 1011K St, Fairbury, $9,045.18
Bedrooms/Bathrooms:
E Street Apartments 10 units total All units are two-bedroom
Eastview 7 units total 6 two-bedroom and 1one-bedroom
Colonial Court 17 units total 14 two-bedroom and 3 one-bedroom
Crestwood H St: 8 units total All units are two-bedroom
Crestwood17th St. 6 units total All units are two-bedroom
Pinecrest: 22 units total 13 two-bedroom units and 8 one-bedroom. One of the 22 units is a commercial unit
Totals 70 units total 57 two-bedroom and 12 one-bedroom 1 commercial unit
Square Feet:
E Street Apartments 8,946 Sq. Ft
Eastview 6,382 Sq. Ft
Colonial Court 13,704 Sq. Ft
Crestwood H St: 11,823 Sq. Ft
Crestwood 17th St. 10,376 Sq. Ft
Pinecrest: 38,677 Sq. Ft
Year Built:
E Street Apartments Year: NA
Eastview Year: 1973
Colonial Court Year: 1967
Crestwood H St: Year: 1985
Crestwood17th St. Year: 1985
Pinecrest: Year: 1991Refurbished
Style:
E Street Apartments Brick/Panel Siding
Eastview Vertical Siding
Colonial Court Brick
Crestwood H St: Brick
Crestwood 17th St. Brick
Pinecrest: Brick
Garage:
E Street Apartments no garage units on the property
Eastview 3 garage units on the property
Colonial Court no garage units on the property
Crestwood H St: 20 garage units on the property
Crestwood17th St.
Pinecrest: 20garage units on the property
Heating and Air Conditioning:
E St Apartments: 10 Units 8 of 10 AC units have been replaced in past 3 years
Eastview: 7 Units 5 of 7 AC units have been replaced in past 3 years
Colonial Court: 17 Units 12 of 17 AC units have been replaced in past 3 years
Crestwood H St: 8 Units 8 of 8 AC units have been replaced in past 3 years
Crestwood 17th St: 6 Units 5 of 6 AC units have been replaced in past 3 years
Pinecrest: 22 Units 22 of 22 AC units have been replaced in 2023.
Windows:
Crestwood 17th St: 1 window has been replaced in 2023
An Income and expense statement on the Fairbury Properties is attached in sperate file.
The information on these properties were 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 properties and rely on their own conclusion.
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