Salisbury Real Estate Property For Sale

Cedar Crossing - 101 CEDAR CROSSING

Salisbury , Delaware

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0 Bedrooms
0 Full Bathrooms
Half Baths: 0
Five Or More Units
Price: $12,350,000.00

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.The portfolio (6.03% CAP rate) 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 washer

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MLS #: MDWC108374
Price: $12,350,000.00
Waterfront: Waterview:
Address: CEDAR CROSSING
Building Name:
Dwelling Type: Five Or More Units
Year Built: 1999
Waterview:
Lot Dimensions: 0.00 x 0.00
Acreage: 0.00
Dwelling Sq Ft: 60000.00
Dock:
Garage: Driveway,On Street
Flooring:
Heating: Heat Pump(s)
Cooling: Central A/C
County Taxes: $1,056
City Taxes: $1,129
Water Fee: $0
Sewer Fee: $0
Association Fee: $0
Condo Fee: $0
Trash Fee: $0
Ground Rent: $0

Listing Broker: Rinnier Development Co
Listing Status: Active

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HOA Condo Amenities: