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Listed by William Rinnier • Rinnier Development Co
$ 11,950,000
Est. payment | /mo
3,350 Sqft Lot
$ 11,950,000
Est. payment | /mo
3,350 Sqft Lot
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID MDWC2009316
Year Built 1999
Annual Tax Amount $2,353
Tax Year 2024
Lot Size 3,350 Sqft
Acres 0.08
Lot Dimensions 0.00 x 0.00
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
Cedar Crossing is a well located student housing portfolio for sale and has attractive assumable debt. 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 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 washers and dryers.
Addresses include: (units listed in the 'portfolio properties' are only 2 of the 58 total, see below for addresses:)
101-207 Cedar Crossing Rd.
The portfolio 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 washers and dryers.
Addresses include: (units listed in the 'portfolio properties' are only 2 of the 58 total, see below for addresses:)
101-207 Cedar Crossing Rd.
Location
State MD
County Wicomico
Area Wicomico Southeast (23-04)
Interior
Hot Water Other
Heating Heat Pump(s)
Cooling Other
Heat Source Other
Exterior
Water Access N
Roof Type Shingle
Accessibility Level Entry - Main
Garage N
Building
Sewer Public Septic, Public Sewer
Water Public
New Construction N
Schools
School District Wicomico County Public Schools
Others
Tax ID 2313061688
Ownership Fee Simple
Special Listing Condition Other
NEARBY SCHOOL & BUSINESS
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