Great 60 to 165 unit multifamily redevelopment site on 4.13± acres.
Offering includes the ‘Kensington Apartments’ plans to convert the existing 36,662± SF structure to 40 condominium/apartment units and to build an additional 20 townhouses on the 2.71± acres of excess land. The conversion plans for Phase 1 of Kensington Apartments are designed for 24 one Bedroom, 22 two Bedroom and 4 three Bedroom units. The Schematic plans for Phase 2 are designed for 16 two Bedroom and 4 three Bedroom townhouses. Approximately $168,350 Impact Fees Credit is available from the existing improvement to be used towards the new redevelopment project. Dual access to the property from Evans Avenue via Swamp Cabbage Court, and Winkler Avenue, subject to City approval.