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The Residences at Governor's Square 2018 N 5th St

222 Unit Block of Flats For Sale Harrisburg, PA 17102

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Investment Highlights

Value add by bringing vacant units online
Assumable HUD financing available

HUD housing opportunity

Executive Summary

Bankruptcy Sale: US Bankruptcy Court for the Middle District of Pennsylvania (Harrisburg), Petition No: 1:23-bk-00988 | In re: Uptown Partners, LP.
Hilco Real Estate announces a bid deadline of November 30 for this low-income, multifamily housing opportunity. On-site inspections will be held October 26 and November 9 at 11 a.m. (ET), by appointment only.
Located in Pennsylvania’s history-rich capital city of Harrisburg, The Residences at Governor’s Square has one-, two- and three-bedroom townhouse and garden-style apartments set in a residential neighborhood with views of the capital building. Governor’s Square is just blocks away from the Capital Area Greenbelt which is a 20-mile loop trail along the Susquehanna River.
These properties are just a short walk to the center of the capital where commerce, recreation, shopping, dining and entertainment are abundant. Nearby transportation services include the Harrisburg Bus Station, the Amtrak Station and Capital City Airport. Proximity and easy access to Interstates 81 and 83 make for an ideal commute to outlying counties for employment, travel and leisure.
This portfolio represents a significant opportunity to own 222 rental units spread between 27 buildings. These properties can increase an owners existing portfolio or quickly establish a new operator. These properties have a waiting list to occupy and with new ownership there is opportunity to add value by bringing vacant units back online to begin generating revenue.

Brochure - Harrisburg, PA - HUD Housing Portfolio

Property Facts

Sale Type	Investment	Building Class	C
Sale Conditions	Distress Sale	Lot Size	8.64 AC
No. Units	222	Building Size	265,170 SF
Property Type	Residential	Number of Floors	2
Property Subtype	Apartment	Year Built	1982
Apartment Style	Townhome	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Sale Type	Investment
Sale Conditions	Distress Sale
No. Units	222
Property Type	Residential
Property Subtype	Apartment
Apartment Style	Townhome
Building Class	C
Lot Size	8.64 AC
Building Size	265,170 SF
Number of Floors	2
Year Built	1982
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Unit Amenities

Air Conditioning
Storage Space

Washer/Dryer Hookup
Tile Floors

Kitchen
Walk-In Closets

Carpet
Wheelchair Accessible (Rooms)

Site Amenities

Business Centre
Clubhouse

Playground
Property Manager on Site

Gated

Recycling

PROPERTY TAXES

Parcel Numbers	Multiple 10-026-091 10-032-037 10-026-030 10-033-044 10-040-026 10-040-033 10-040-041 10-040-001 10-032-049 10-032-052 11-004-067 10-026-051 10-026-064 10-026-071 10-033-020 10-033-055 10-033-056 10-040-037 10-040-045 10-040-051 10-032-045 11-004-066 11-010-006 10-026-093 10-033-015 10-033-030 10-040-029 10-040-021 11-004-068 11-004-019 11-010-003 10-026-088 10-032-038 10-025-072 10-026-033 10-026-048 10-033-013 10-033-034 11-005-083 11-010-129	Improvements Assessment	£0
Land Assessment	£1,049,083	Total Assessment	£1,049,083

PROPERTY TAXES

Parcel Numbers

Multiple

10-026-091
10-032-037
10-026-030
10-033-044
10-040-026
10-040-033
10-040-041
10-040-001
10-032-049
10-032-052
11-004-067
10-026-051
10-026-064
10-026-071
10-033-020
10-033-055
10-033-056
10-040-037
10-040-045
10-040-051
10-032-045
11-004-066
11-010-006
10-026-093
10-033-015
10-033-030
10-040-029
10-040-021
11-004-068
11-004-019
11-010-003
10-026-088
10-032-038
10-025-072
10-026-033
10-026-048
10-033-013
10-033-034
11-005-083
11-010-129

Land Assessment

£1,049,083

Improvements Assessment

£0

Total Assessment

£1,049,083

Listing ID: 29832981
Date on Market: 19/10/2023
Last Updated:
Address: 2018 N 5th St, Harrisburg, PA 17102

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2018 N 5th St, Harrisburg, PA for sale Primary Photo- Image 1 of 7 — Primary Photo

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