$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 846
Zoning RESIDENTIAL
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeRinnier Development Co

Listing Map

Request a Showing

Provide a valid email address.
When would you like to view this property?