5545 Sky Parkway, Sacramento, CA 95823; Multifamily Properties  (Sold); A-1 in Sacramento County

5545 Sky Parkway, Sacramento, CA 95823; Multifamily Properties (Sold); A-1 in Sacramento County


5545 Sky Parkway, Sacramento, CA 95823; Multifamily Properties For Sold; A-1 in Sacramento County

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Property Type: Multifamily
Property Sub-Type – Garden/Low-Rise
Sale Date : 09/12/2012
No.Units: 220
Building Size: 153,797 SF
Lot Size: 8 Acres
Sale Price: $6,300,000
Year Built : 1973

Property Description

Azure Park Apartments is a 220 unit affordable apartment community located in Sacramento, California. The improvements consist of twenty-six two story apartment buildings and one single-story Clubhouse, Leasing Office and After-School Program Center totaling approximately 153,797 square feet of gross building area. The property is considered to be maintained and in good to average condition with additional improvements that have been conducted at the direction of the Receiver. These include eliminating Sacramento County Code Violations regarding habitability, balcony replacement and exterior dry-rot wood replacement and eradication of a significant termite problem. TRI Property Management reports occupancy improving and it is approximately 84%.

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