Property Attributes
- MLS#MDWC2009316
- TypeCommercial
- CountyWICOMICO
- CitySalisbury
- AreaWicomico Southeast
- Zip21804
- Style
- Year Built1999
- Taxes$ 2376
- Price$ 12,350,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage1500
- Lot Size3,485 SqFt
Data Source:
Bright MLS
Property Description
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.
Price History | |
---|---|
4/26/2023 | Listed $12,350,000 |
General Features
Sewer | Public Septic,Public Sewer |
---|---|
Heating | Heat Pump(s) |
Cooling | Other |
Possession | Settlement |
Roof | Shingle |
Construction Materials | Vinyl Siding,Block |
Year Built | 1999 |
Property SubType | Five Or More Units |
Tax Year | 2023 |
Percent Ownership | Fee Simple |
Cool Fuel | Other |
Business Type | Other |
Accessibility | Level Entry - Main |
County | WICOMICO |
Net Operating Income | 715888.00 |
New Construction | No |
Property Type | Commercial Sale |
Water Access Y/N | No |
Status | ACTIVE |
Directions | Route 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. |
ModificationTimestamp | 2024-04-29T10:15:37 |
City | SALISBURY |
Buyer Agent Compensation | 6 |
Total Units | 1 |
MLS Area | Wicomico Southeast (23-04) |
Lot Size Square Feet | 3350.00 |
Tax Assessed Value | 117000.0 |
Waterfront Y/N | No |
Street Name | CEDAR |
Tax Annual Amount | 2376.0 |
Price Per Sq Ft | 9709.12 |
Vacation Rental Y/N | No |
Days on Market | 371 |
Standard Status | Active |
Year Built Source | Assessor |
Tax Lot | 1A |
Cap Rate | 5.80 |
Buyer Agent Compensation Type | % Of Gross |
Interior Features
Heating Fuel | Other |
---|---|
Hot Water | Other |
Heating Y/N | Yes |
Street Suffix | CROSSING |
Central Air Y/N | No |
Exterior Features
Water Source | Public |
---|---|
Type of Parking | Driveway,Parking Lot |
Land Use Code | TH |
Water View Y/N | No |
Building Area Total | 1272.00 |
Lot Dimensions | 0.00 x 0.00 |
Lot Size Acres | 0.08 |
Lot Size Units | Square Feet |
Lot Size Source | Assessor |
Navigable Water Y/N | No |
Water Oriented Y/N | No |
LotDimensionsSource | Assessor |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool