Cedar Crossing - 101 Cedar Crossing Rd, Salisbury, Md 21801 $11,250,000

MLS Number
Mdwc108374
Standard Status
Active
City Name
Salisbury
Sale Type
Standard
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

Additional Details

Year Built
1999
Property Type
Commercial Sale
Building Total SQFT
1272.00
MLS Area
Wicomico Southeast (23-04)
Listing Entry Date
06/08/2020

Exterior Features

Construction Materials
Aluminum Siding
Type of Parking
Driveway, on Street

Interior Features

Heating
Heat Pump(s)
Cooling
Central A/c

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