What is the asking price for Garden Style Multifamily Community for Sale in Phoenix?

Please use the contact form to get in touch with a broker and find out more about renting space here.

What is the total size of Garden Style Multifamily Community for Sale in Phoenix?

The property has a total square footage of 134,108 SF.

When was this property built?

Garden Style Multifamily Community for Sale in Phoenix was built in 1983.

How many parking spaces are available at Garden Style Multifamily Community for Sale in Phoenix?

Parking information for the property isn't currently listed. However, other nearby parking options include 33rd Ave Parking Garage, located 1.79 miles away , and Halo Parking Garage, which is 1.85 miles away.

Cove on 44th 4030 N 44th Ave, Phoenix, AZ 85031

For Sale Contact for pricing
Property Type Other
Property Size 134,108 SF
Lot Size 8.05 SF
Year Built 1983
Date Updated May 12, 2026

Description

Cove on 44th is a 256-unit, 1983-vintage garden-style community of individually metered studio and one-bedroom floor plans across 12 buildings on ±8.05 acres, with direct access to both I-17 and I-10 and a short commute to Downtown Phoenix. The opportunity is defined by strong in-place occupancy, a proven renovation program, and a location supported by the Phoenix metro’s continued population and job growth.

Visit our property website to learn more and to request the offering memorandum

Currently owned by Starwood, Cove on 44th has been managed by Chamberlin & Associates since July 2024. Operations have improved steadily under Chamberlin’s management, with vacancy, concessions, and bad debt all moving toward submarket norms. Effective rent trails market, presenting immediate upside that requires no capital to capture, and in-place physical occupancy reflects genuine renter demand for the product type and location.

The value-add program is well underway, with 59 units already renovated under a proven Deluxe upgrade concept commanding a meaningful rent premium. The remaining 197 units represent a clear runway for new ownership to continue the program. At full stabilization, the renovation program is projected to generate over $528,000 in annual premium income across renovation premiums, washer/dryer installation, and additional utility reimbursement opportunities.