Cedar Crossing Multi-Family FOR SALE


Salisbury, MD
$12,350,000 USD
410-603-2826
, Salisbury, MD for Sale
$12,350,000 USD
Multi-Family - FOR SALE
1/22
null | 5.8% Cap Rate

Cedar Crossing
Salisbury, MD


HIGHLIGHTS

  • Walking distance to Salisbury University campus.
  • Close to City Center, shopping and attractions.
  • High student population in the immediate area.

OVERVIEW

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. Attractive 4.98% Assumable Financing is in Place. 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. 115-131 Onley Rd. 1145 S. Division St. 1499-1503 May Drive 1507 Tulip Drive 1401-1416 Varsity Lane 205-209 Honeysuckle Drive 251 Canal Park Dr. 408 Yorkshire Court 426 South Boulevard 306 Hazel Avenue 207, 319 & 323 East College Avenue Please call for more information and to schedule a showing.

ASK ABOUT THIS PROPERTY

Blair RinnierRinnier Development CompanyMore Info
410-603-2826

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Blair RinnierRinnier Development CompanyMore Info
410-603-2826

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.