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Jonathan Granlund

jongranlund10@gmail.com +1(703) 537-6747

Listed by William Rinnier • Rinnier Development Co

$11,950,000

Est. payment - /mo

3,350 Sqft Lot

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UPDATED:

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID MDWC2009316

Year Built 1999

Annual Tax Amount $2,353

Tax Year 2024

Lot Size 3,350 Sqft

Acres 0.08

Lot Dimensions 0.00 x 0.00

Property Sub-Type Five Or More Units

Source BRIGHT

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.

Location

State MD

County Wicomico

Area Wicomico Southeast (23-04)

Interior

Hot Water Other

Heating Heat Pump(s)

Cooling Other

Heat Source Other

Exterior

Water Access N

Roof Type Shingle

Accessibility Level Entry - Main

Garage N

Building

Sewer Public Septic, Public Sewer

Water Public

New Construction N

Schools

School District Wicomico County Public Schools

Others

Tax ID 2313061688

Ownership Fee Simple

Special Listing Condition Other

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Nearby Locations

"Jon's passion for real estate and his love for Virginia are a perfect match. He has made it his mission to help local residents sell their homes quickly and at the best possible prices. Equally, he takes immense pride in assisting homebuyers in finding their perfect piece of paradise in Virginia."

+1(703) 537-6747

jongranlund10@gmail.com

1765 Greensboro Station Pl, McLean, VA 22102

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101 CEDAR XING Salisbury, MD 21804