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    Cedar Crossing - 101 Cedar Crossing Road

    SALISBURY, MD 21801
    • $11,250,000
    • STATUS: Active
    • ON SITE: 104 days
    • ID#: MDWC108374
    UPDATED: 37 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

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    ©2020 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 Allison Stine Team with Northrop Realty a Long and Foster Company. 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: 2020-09-21T13:51:52.933.
    www.allisonstineteam.com/homes/106638525
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    Cedar Crossing - 101 Cedar Crossing Road SALISBURY, MD 21801

    • Price: $11,250,000
    • Status: Active
    • Updated: 37 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 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 2020 Association YN No Business Type Other Central Air YN Yes Cooling Fuel Electric Heating Fuel Electric Hot Water Electric Incorporated City Name Salisbury Lease Considered YN No 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 Private/Community Septic Tank Tax Annual Amount 2317.00 Tax Assessment Amount 114167.00 Tax Lot 1A Vacation Rental YN No Water Source Private/Community Water Zoning Residential

    Listing courtesy of Rinnier Development Co.


    ©2020 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 Allison Stine Team with Northrop Realty a Long and Foster Company. 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: 2020-09-21T13:51:52.933.
     
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    The Allison Stine Team with Northrop Realty a Long and Foster Company
    37077 Coastal Highway
    Fenwick Island DE, 19944