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.