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
- Price:
- $11,250,000
- Year Built:
- 1999
- Listing ID #:
- MDWC108374
- Street Address:
- 101 Cedar Crossing Rd
- City:
- Salisbury
- State:
- Maryland
- Postal Code:
- 21801
- County:
- Wicomico
- Community:
- Wicomico Southeast (23-04)
- Listing Status:
- Active
- Year Built:
- 1999
- Year Built Source:
- Assessor
- Days On Market:
- 223
- Included In Sale:
- Portfolio Sale - See Description
- Originating Mls:
- Bright
- Special Conditions Of Sale:
- Standard
- In City Limits:
- Yes
- Street Type:
- Road
- Tax Municipality:
- Salisbury
- City Taxes:
- 1122.00
- County Taxes:
- 1067.00
- Price Per Square Foot:
- 8844.34
- Property Taxes:
- $2,317
- Tax Year:
- 2019
- Parking Spaces:
- 116
- Parking Type:
- Driveway, On Street
- Cooling Fuel:
- Electric
- Cooling System:
- Central A/C
- Existing Water:
- Private/Community Water
- Heating:
- Heat Pump(s)
- Heating Fuel:
- Electric
- Sewage Type:
- Private/Community Septic Tank
- Water Heater:
- Electric
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing Provided By Rinnier Development Co
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