Cedar Crossing - 101 Cedar Crossing Road,
Salisbury,
Maryland MD21801-5203
Listing IDMDWC108374
Price$12,350,000
Price/SqFt$9,709.12
StatusACTIVE
SqFt
1,272
CountyWicomico
Year Built1999
Property TypeCommercial Sale
Property Sub TypeFive Or More Units
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
County
Wicomico
Price/SqFt
9709.12
Property Sub Type
Five Or More Units
Property Type
Commercial Sale
Year Built
1999
Zoning
RESIDENTIAL
Building Total SqFt Source
Assessor
Central Air
yes
Cooling Type
Central A/C
Heating
yes
Heating Type
Heat Pump(s)
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
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
Country
US
In City Limits
yes
MLS Area
Wicomico Southeast (23-04)
Municipality
Salisbury
Waterfront
no
Accessibility Features
Other
Business Type
Other
Days on Market
822
Potential Tenancy
Multiple
Year Assessed
2021
Year Built Source
Assessor
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
Similar Listings
Contact - Listing ID MDWC108374
Paul Whitney
Listing courtesy of Rinnier Development Co 4107428151
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