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. Phase I conversion plans for Kensington Apartments are designed for 24 one-bedroom, 12 two-bedroom and 4 three-bedroom units. Approximately $168,350 Impact Fees Credit is available from the existing improvement to be used towards the new redevelopment project. Phase 2 offers a potential 20-unit project accommodating 16 two-bedroom and 4 three-bedroom units on the vacant land north of the existing structure. Dual access to the property from Evans Avenue via Swamp Cabbage Court, and Winkler Avenue, subject to City approval.