$12,350,000
Cedar Crossing - 101 Cedar Crossing Rd, Salisbury, MD, 21801
60,000
Square feet
Rinnier Development is proud to offer the student housing portfolio of Cedar Crossing for sale. All units are walking distance to the Salisbury University campus and across the street from the football stadium and other sports fields. Current rental rates are lower than most competitors and there is space for amenities to be added.The portfolio (6.03% CAP rate) consists of 58 individual units with 228 bedrooms that were all built new in 1999 - wood frame construction with vinyl siding, asphalt shingles, vinyl wood, carpet and vinyl tile flooring throughout. Kitchens are complete with refrigerator, dishwasher and stove; laminate and cultured marble tops in kitchens and bathrooms. All units have washer
Facts & Features
| MLS® # | MDWC108374 |
|---|---|
| Price | $12,350,000 |
| Bathrooms | 0.00 |
| Square Footage | 60,000 |
| Acres | 0.00 |
| Year Built | 1999 |
| Type | Commercial Sale |
| Sub-Type | Five Or More Units |
| Status | Active |
Community Information
| Address | Cedar Crossing - 101 Cedar Crossing Rd |
|---|---|
| Area | Wicomico Southeast (23-04) |
| City | Salisbury |
| County | WICOMICO-MD |
| State | MD |
| Municipality | Salisbury |
| Zip Code | 21801 |
Amenities
| Is Waterfront | No |
|---|
Interior
| Heating | Heat Pump(s) |
|---|---|
| Cooling | Central A/C |
| Has Basement | No |
| Fireplace | No |
Exterior
| Exterior | Alum/Steel Siding |
|---|
School Information
| District | WICOMICO COUNTY PUBLIC SCHOOLS |
|---|
Additional Information
| Date Listed | June 8th, 2020 |
|---|---|
| Days on Market | 974 |
| Zoning | RESIDENTIAL |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Rinnier Development Co |
|---|