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101-207 Cedar Crossing Rd
Salisbury, MD 21804
Cedar Crossing & Cedar Commons · Multifamily Property For Sale
·
80 Units
Property Facts
| No. Units | 80 | Building Size | 77,550 SF |
| Property Type | Multifamily | Average Occupancy | 97% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1999 |
| Building Class | C | Parcel Number | 13-062366 |
| Lot Size | 8.82 AC | ||
| Zoning | R8 | ||
| No. Units | 80 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 8.82 AC |
| Building Size | 77,550 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built | 1999 |
| Zoning | R8 |
| Parcel Number | 13-062366 |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Storage Space
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- High Speed Internet Access
- Ice Maker
- Refrigerator
- Oven
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Freezer
- Handrails
- Patio
- Recreation Room
- Trash Compactor
- Vinyl Flooring
- Warming Drawer
- Wheelchair Accessible (Rooms)
- Window Coverings
- Large Bedrooms
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Security System
- Bicycle Storage
- Maintenance on site
- Public Transportation
- Individual Locking Bedrooms
- Private Bathroom
- Roommate Matching
- Walk To Campus
About 101-207 CEDAR CROSSING RD , SALISBURY, MD 21804
The Cedar Crossing and Cedar Commons represents a rare opportunity to acquire a sizable student housing asset adjacent to the Salisbury University campus. The offering is comprised of 312 beds across 80 properties. Multiple value add opportunities exist through a renovation program, offering furnished units, the addition of tenant amenities, and community enhancement. Typical units feature central heating and air, wood cabinets, carpet, laminate floors, vinyl tile bathrooms, dishwashers, laundry in unit, and lead-free. Cedar Crossing was built in 1999 and is comprised of 227 beds across 58 properties with a unit mix of (1) 2 Br-1 Ba, (1) 3 Br-1 Ba, (2) 3 Br-2 Ba, and (54) 4 Br-2 Ba units. Cedar Commons was constructed in 2010 and is comprised of 85 beds across 22 properties with a unit mix of (1) 3 Br-1 Ba, (2) 3 Br-3 Ba, (2) 4 Br-2 Ba, and (17) 4 Br-4 Ba units. All units are separately metered for gas, electric, and water. Current management gives tenants the option of having their rent inclusive of utilities for an additional charge, which is a net positive to ownership. Increasing the number of units with utility package is another value add avenue. Amenities in the portfolio include ample parking, volleyball court, outdoor common area, and certain units with decks or patios.
