Cedar Crossing - 101 Cedar Crossing Rd
For sale
$11,250,000
Estimated Monthly Payment: $51,495/mo
Cedar Crossing - 101 Cedar Crossing Rd, Salisbury, MD 21801
MLS# MDWC108374
Commercial Sale
Listing Status: Active
314
626
0
REMARKS:
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
OVERVIEW:
Commercial Sale
Active
BRIGHT
1999
Heat Pump(s)
Electric
Central A/C
Private/Community Water
Private/Community Septic Tank
FINANCIAL:
NEIGHBORHOOD & SCHOOL INFORMATION:
Courtesy of Rinnier Development Co
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