Salisbury, MD 21804 101 Cedar Crossing

101 Cedar Crossing Salisbury, MD - Image 1101 Cedar Crossing Salisbury, MD - Image 2101 Cedar Crossing Salisbury, MD - Image 3
3 more
101 Cedar Crossing Salisbury, MD - Image 4101 Cedar Crossing Salisbury, MD - Image 5101 Cedar Crossing Salisbury, MD - Image 6101 Cedar Crossing Salisbury, MD - Image 7
Presented By: Rinnier Development Co
  • MLS# MDWC2009316
  • 04/26/2023
  • Request Tour
  • Request Info
  • SQFT • 1,500

Home Details

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.
HeatingHeat Pump(s)
Lot Size Square Feet3350.00
Lot Size UnitsSquare Feet
MLS AreaWicomico Southeast (23-04)
ModificationTimestamp2025-04-03T10:27:30
MunicipalitySalisbury
Net Operating Income715888.00
New ConstructionNo
Number Of Units Total1
OwnershipFee Simple
PossessionSettlement
Price Per Sq Ft Total AG9709.12
Property SubtypeFive Or More Units
Property TypeCommercial Sale
RoofShingle
SewerPublic Septic, Public Sewer
Standard StatusActive
StatusACTIVE
Tax Annual Amount2353.0
Tax Assessed Value118100.0
Tax Lot1A
Tax Year2024
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built1999
Year Built SourceAssessor
Zoning0

Exterior for 101 Cedar Crossing

Building Area Total1272.00
Car Parking Spaces
Land Use CodeTH
Lot Dimensions0.00 x 0.00
Lot Size Acres0.08
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
Total Loading Docks0
Total Parking Spaces0
Type of ParkingDriveway, Parking Lot
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Waterfront Y/NNo

Additional Details

Price History

Rachel Shepherd

Price $12,350,000
MLS#MDWC2009316
List Date 04/26/2023
Property Type Commercial
Phone 703.929.4729
Request Tour
Request Info
Visit My Website

Similar Properties to 101 Cedar Crossing

Skip to content