2020 Fulton StHarrisburg, PA 17102

Property Details for 2020 Fulton St

Year built

1991

Property size (Sq ft)

265,170 SF

Property type

Residential income homes

Property subtype

Apartment buildings

Description

This exceptional investment opportunity presents a portfolio of 222 multifamily units situated in Harrisburg, Pennsylvania. Comprising 27 buildings totaling 265,170 square feet, this property offers a compelling value-add proposition. Built in 1991, the portfolio includes a mix of one-, two-, three-, four-, and five-bedroom townhouses and garden-style apartments, catering to a diverse range of tenants. Conveniently located near the Susquehanna River and the Capital Area Greenbelt, residents enjoy easy access to a 20-mile loop trail, parks, and recreational facilities. The property's central location provides proximity to the Harrisburg Bus Station, Amtrak Station, Capital City Airport, and Interstates 81 and 83, ensuring convenient commuting and travel options. The portfolio is currently experiencing high occupancy with a waiting list, presenting a significant opportunity to increase revenue by bringing vacant units back online. This is a bankruptcy sale (US Bankruptcy Court for the Middle District of Pennsylvania, Petition No: 1:23-bk-00988, In re: Uptown Partners, LP) with a bid deadline of November 30th. On-site inspections are scheduled for October 26th and November 9th at 11:00 AM ET, by appointment only. The unit mix includes 2 one-bedroom, 114 two-bedroom, 75 three-bedroom, 28 four-bedroom, and 3 five-bedroom units. This low-income housing portfolio presents a unique chance to acquire a substantial rental property with significant upside potential and the possibility of assumable HUD financing. The property is less than a mile from the Susquehanna River and offers a blend of historical charm and modern amenities in Pennsylvania's capital city.

Location Insight

City

Harrisburg

County

Dauphin

State

Pennsylvania

Latitude

40.2792

Longitude

-76.8928

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