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.
Presented By: Rinnier Development Co
Interior Features for 101 Cedar Crossing
Other Interior Features
Central Air Y/NNo
Heating FuelOther
Heating Y/NYes
Hot WaterOther
General for 101 Cedar Crossing
AccessibilityLevel Entry - Main
Business TypeOther
Cap Rate5.80
CitySALISBURY
Construction MaterialsVinyl Siding, Block
Cool FuelOther
CoolingOther
CountyWICOMICO
DirectionsRoute 13 to College Ave, turn right on South Division Street, turn left on Onley Road, Cedar Crossing will be on the left off of Onley Road, located behind the athletic fields of Salisbury University.
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