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.
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Listing Snapshot
Price
$12,350,000
Days On Site
606 Days
Bedrooms
N/A
Inside Area (SqFt)
1,272 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.08 Acres
Year Built
1999
MLS® Number
MDWC2009316
Status
Active
Property Tax
$2,353
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
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