101 CEDAR CROSSING, Salisbury, MD 21804

Building Details

Year Built

1999

Listing office Rinnier Development Co b***@rinnier.com Show Phone

Listing date Apr 26, 2023

Source Exitrealty

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Overview

This student housing portfolio, known as Cedar Crossing, is comprised of 58 individual units with a total of 228 bedrooms. Constructed in 1999, the wood-frame buildings feature vinyl siding and asphalt shingle roofs. Interior finishes include vinyl wood, carpet, and vinyl tile flooring. Each unit is equipped with a complete kitchen, including a refrigerator, dishwasher, and stove, as well as laminate and cultured marble countertops in the kitchens and bathrooms. Washers and dryers are included in all units. The properties are located within walking distance of the Salisbury University campus and across the street from the football stadium and other sports fields. Current rental rates are below those of most competitors, and there is potential for the addition of amenities.

Suggested Use

Department Store Furniture & Home Goods Storage Facility (Bike/Boat/Book/etc) Store Big Box & Wholesale Store Pet Store & Service Pet Grooming Service Car Rental Facility Pet Store Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Salisbury

County

Wicomico

State

Maryland

Longitude

-75.5705

Latitude

38.3596

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FAQs

What type of property is this?

Apartment building - Student housing portfolio near Salisbury University with assumable debt.

Where is this apartment building located?

The property is located at 101 CEDAR CROSSING Salisbury, MD.

What is the asking price?

The asking price for this property is $11,950,000.

What are key features of this property?

This property features: Attractive assumable debt.; Walking distance to Salisbury University campus.; **58 individual units with 228 bedrooms.**