$11,250,000

Cedar Crossing - 101 Cedar Crossing Rd

SALISBURY MD, 21801

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

Details

MLS#MDWC108374
Listing TypeFor Sale
StyleIndustrial
Sub-TypeResale
Status10000069142
Year1999
Days On Site266

Features

SQ Feet60,000
ZoningRESIDENTIAL
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Area Information
StateMD
CountyWICOMICO-MD
CitySALISBURY
Zip Code21801
AreaWicomico Southeast (23-04)
Listing VS Median (in 21801)
Price:
$11,250,000
low | high
Med:
$45,900
100% of Average
SqFt:
60,000
low | high
Med:
0
100% of Average
$ / SqFt:
$188
low | high
Med:
$0
100% of Average
On Site:
266
low | high
Med:
594
44.781144781145% of Average
Listing Updated: February 28, 2021 10:16:13 PM PST
William Rinnier LogoMLS Number: MDWC108374
Listing Provided By:
William Rinnier  of  Rinnier Development Co
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