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For more information on this property, contact Jenny Sheppard at 14437830299 or jennysoldit@aol.com

Cedar Crossing - 101 Cedar Crossing Road
Salisbury, Maryland MD 21801-5203
Price: $12,350,000
Listing ID MDWC108374
Status ACTIVE
Price/SqFt $9,709.12
SqFt 1,272
Year Built 1999

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

Primary Features

County: Wicomico
Price/SqFt: 9709.12
Property Sub Type: Five Or More Units
Property Type: Commercial Sale
Year Built: 1999
Zoning: RESIDENTIAL

Interior

Building Total SqFt Source: Assessor
Central Air: yes
Cooling Type: Central A/C
Heating: yes
Heating Type: Heat Pump(s)

External

Car Parking Spaces: 116
Construction Materials: Aluminum Siding
Cooling Fuel: Electric
Heating Fuel: Electric
Hot Water: Electric
Lot Dimensions Source: Assessor
Lot Size Dimensions: 0.00 x 0.00
Navigable Water: no
New Construction: no
Sewer Septic: Community Septic Tank, Private Septic Tank
Tidal Water: no
Total Garage and Parking Spaces: 116
Type of Parking: Driveway, On Street
Water Access: no
Water Oriented: no
Water Source: Private/Community Water
Water View: no

Location

Country: US
In City Limits: yes
MLS Area: Wicomico Southeast (23-04)
Municipality: Salisbury
Waterfront: no

Additional

Accessibility Features: Other
Business Type: Other
Days on Market: 822
Potential Tenancy: Multiple
Year Assessed: 2021
Year Built Source: Assessor

Financial

Association Recreation Fee: N
Automatically Update Tax Values: yes
Ground Rent Exists: no
Inclusions: Portfolio sale - see description
Lease Considered: no
Net SqFt: 60000
Ownership Interest: Other
Possession: Negotiable
Riparian Rights: no
Sale Type: Standard
Tax Annual Amount: 2313
Tax Assessed Value: 114800
Tax Data Updated: no
Tax Lot: 1A
Tax Year: 2021
Vacation Rental: no

Zoning Info


© 2022 Bright MLS. All rights reserved. Information Deemed Reliable, but Not Guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is 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. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Listing courtesy of Rinnier Development Co. Data last updated on Friday, December 2nd, 2022 07:11:51 AM.

Contact - Listing ID MDWC108374

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Jenny Sheppard

7802 Coastal Hwy
Ocean City, MD 21842
Phone: 14437830299
Phone Alt: 443-783-0299

Data services provided by IDX Broker
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