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

MLS#
Mdwc108374
Price
$11,250,000
Standard Status
Active
Waterfront
N

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

Exterior Features


Construction Materials
Aluminum Siding

Interior Features


Heating
Heat Pump(s)
Heating Fuel
Electric
Cooling
Central A/c
Hot Water
Electric

Additional Details


Year Built
1999
New Construction
N
Property Type
Commercial Sale
County
Wicomico
Lot Size Dimensions
0.00 X 0.00