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Coastal Maryland Real Estate, Ocean City & Inland

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CEDAR CROSSING - 101 CEDAR CROSSING RD, SALISBURY, MD 21801

  $11,250,000
  MDWC108374
  60000
  265 days
  N
  No
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

Map

General

 0
 0
 0
 60000
 Five Or More Units
 WICOMICO
 1999
 N
 Private/Community Septic Tank
 Active
 Private/Community Water

Exterior Features

 N
 N
 N
 RESIDENTIAL

Interior Features

 Heat Pump(s)
 Y

Lot Information

 0.00 x 0.00

School Information

 WICOMICO COUNTY PUBLIC SCHOOLS

Fees & Taxes

 1122.00
 1067.00

Broker & Realtor

 William Rinnier
 Rinnier Development Co

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Joy Snyder is licensed in Maryland. Equal Housing Opportunity.