Multifamily Portfolio Near Salisbury
For Sale
Contact for pricing
100 Cedar Crossing Rd, Salisbury, MD 21804
58 units, 228 bedrooms near Salisbury University campus.
Property SizeContact for details
Days on Market1288
Property Features for 100 Cedar Crossing Rd
General Information
Standard status
Active
Class
B
Property subtype
Multifamily
Net Operating Income
$761,786
Building Details
Units
58
Listing Agency:
Rinnier Development Company
Listed By:
Blair Rinnier, CCIM, CPM · License #MD 514904
Source:
Crexi
Added: Feb 10, 2023
Changed: Aug 8
Last Checked: Aug 19 at 11:44PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Rinnier Development Company
Investment Insights
Based on property information with market context.
This multifamily portfolio comprises 58 individual units with a total of 228 bedrooms. Constructed in 1999, the buildings feature wood frame construction, vinyl siding, and asphalt shingles. 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. The current rental rates are lower than most competitors, and there is space for the addition of amenities. The portfolio includes the following 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, and 207, 319 & 323 East College Avenue.
Key Highlights
- Portfolio of 58 individual units with 228 bedrooms.
- Walking distance to Salisbury University campus and sports fields.
- All units include washers and dryers.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
286
Businesses Nearby
Explore this area
Business Placement
Demographics for 21804, MD
40,049
Population
16,736
Households
2.4
Avg Household Size
37
Median Age
28%
College-Educated
89%
High-School Grad
68.6 sq mi
ZIP Area
584
Density / Sq Mi
$68,882
Median Household Income
$35,902
Median Earnings
$1,343
Median Rent
$230,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - 58 units, 228 bedrooms near Salisbury University campus.
Where is this apartment building located?
The property is located at 100 Cedar Crossing Rd 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: Portfolio of 58 individual units with 228 bedrooms.; Walking distance to Salisbury University campus and sports fields.; All units include washers and dryers.
