Address
Cedar Crossing - 101 Cedar Crossing Road Salisbury, MD
Price
$ 11,250,000
Property Attributes
  • MLS#MDWC108374
  • TypeCommercial
  • CountyWICOMICO
  • CitySalisbury
  • AreaWicomico Southeast
  • Zip21801
  • Style
  • Year Built1999
  • Taxes$ 2313
  • Price$ 11,250,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage60000
Listing Provided Courtesy Of:
Rinnier Development Co
Data Source:
Bright MLS - 382 - MD
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

Price History
6/8/2020 Listed $11,250,000

General Features

Accessibility Other
Business Type Other
Construction Materials Aluminum Siding
Cool Fuel Electric
Cooling Central A/C
County WICOMICO
Days on Market 546
Heating Heat Pump(s)
MLS Area Wicomico Southeast (23-04)
Municipality Salisbury
New Construction No
Ownership Other
Possession Negotiable
Price Per Sq Ft 8844.34
Property SubType Five Or More Units
Property Type Commercial Sale
Sewer Community Septic Tank, Private Septic Tank
Tax Annual Amount 2313.0
Tax Lot 1A
Tax Year 2021
Vacation Rental Y/N No
Water Access Y/N No
Zoning RESIDENTIAL

Interior Features

Central Air Y/N Yes
Heating Fuel Electric
Heating Y/N Yes
Hot Water Electric

Exterior Features

Building Area Total 1272.00
Car Parking Spaces 116
Inclusions Portfolio sale - see description
Lot Dimensions 0.00 x 0.00
Navigable Water Y/N No
Total Parking Spaces 116
Type of Parking Driveway, On Street
Water Oriented Y/N No
Water Source Private/Community Water
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 21801

Price
AVG $380K
$11.25M
Taxes
AVG $6,929
$2,313
Visits
AVG 116
262
Year Built
AVG 1966
1999
Walkscore
AVG 51
55
Data Provided by Walkscore ® not using MLS data

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