0 Bedrooms,
0 Bathrooms
Five Or More Units
Price:
$11,250,000.00
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
MLS #:
MDWC108374
Price:
$11,250,000.00
Waterfront:
Waterview:
Address:
CEDAR CROSSING
Building Name:
City:
SALISBURY , Delaware
Area:
Subdivision:
Dwelling Type:
Five Or More Units
Year Built:
1999
Bedrooms:
0
Full Baths:
0
Half Baths:
0
Waterfront:
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
Courtesy of: Rinnier Development Co
Listing Status:
Active
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All Listings data based on information from Sussex County Association of REALTORS®, which neither guarantees nor is in any way responsible for it's accuracy. All data is provided 'AS IS' and with all its faults. Data maintained by Sussex County Association of REALTORS® may not reflect all real estate activity in the market.
CROWLEY ASSOCIALTES REALTY, INC. is a Real Estate licensee in the State of Delaware
License Number: SCAOR: #SCAOR07031
