Skip To Content

Cedar Crossing - 101 Cedar Crossing Road

SALISBURY, MD 21801
  • $11,250,000
  • STATUS: Active
  • ON SITE: 541 Days
  • ID#: MDWC108374
UPDATED: 28 min ago
$11,250,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1999
County:

School Ratings & Info

Description

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

Monthly Payment Calculator



©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Sky Group of Long & Foster Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-12-02T10:55:21.6.
www.theskygroup.com/homes/106638525
Print Image

Cedar Crossing - 101 Cedar Crossing Road SALISBURY, MD 21801

  • Price: $11,250,000
  • Status: Active
  • On Site: 541 Days
  • Updated: 28 min ago
  • ID#: MDWC108374
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1999
Built
Neighborhood:
Wicomico Southeast (23-04)
County:
Wicomico
Area:
Wicomico Southeast (23-04)
School District:
Wicomico County Public Schools
Property Description
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 Garage YN No Parking Types DrivewayOn Street Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 1272.00 Cooling Central A/C Heating Heat Pump(S) Heating YN Yes Inclusions Portfolio Sale - See Description Net Square Feet 60000.00

Property Features

Accessibility Features Other Assessment Year 2021 Association YN No Business Type Other Central Air YN Yes Cooling Fuel Electric Heating Fuel Electric Hot Water Electric Lease Considered YN No Municipality Salisbury Navigable Water YN N New Construction YN No Number Of Units Total 0 Original MLSNumber 304156854960 Ownership Interest Other Possession Negotiable Property Sub Type Five Or More Units Sale Type Standard Sewer Community Septic TankPrivate Septic Tank Tax Annual Amount 2313.00 Tax Assessment Amount 114800.00 Tax Lot 1A Vacation Rental YN No Water Source Private/Community Water Zoning Residential

Listing courtesy of Rinnier Development Co.


©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Sky Group of Long & Foster Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-12-02T10:55:21.6.
 
https://bt-photos.global.ssl.fastly.net/brightmls/orig_boomver_1_304156854960-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/orig_boomver_1_304156854960-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/orig_boomver_1_304156854960-2.jpg
Logo
The Sky Group of Long & Foster Real Estate
7700 Old Georgetown Rd, Suite 120
Bethesda MD, 20814