Hanford Court Apartments provides investors with the unique opportunity to potentially redevelop the property in the future while receiving the benefits of a stable, income-producing asset today. The buildings sit on a ±13,267 square foot corner lot zoned NC1P-55 which has a maximum building height of 55’ and Floor Area Ratio of 3.75. A recent yield study from a local architect suggests multiple redevelopment options including a 61-unit apartment building or 16-unit townhome-style condominium development. The existing 9-unit offers floor plans averaging ±722 square feet across a mix of eight one-bedroom units and one studio.