101 Cedar Xing, Salisbury, MD 21804

$11,950,000

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List Price
$11,950,000
Price Change
▼ $400,000 1754951672
Days on Market
1241
Status
ACTIVE
MLS#
MDWC2009316
Lot Size (Acres)
0.08
Year Built
1999
County
Wicomico
School District
Wicomico County Public Schools

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.

Additional Information

Area
Wicomico Southeast (23-04)
Taxes
$2353
School District
Wicomico County Public Schools
Heating
Heat Pump(s)
Heating Fuel
Other
Cooling
Other
Roof
Shingle
Water
Public
Sewer
Public Septic, Public Sewer

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Calculator source: Real Geeks

Listing courtesy of Rinnier Development Co. Contact: (410) 742-8151