Capstone Apartment Partners is pleased to present The Gardens at Hidden Creek:
a 125-unit apartment community located in Colorado Springs, Colorado. Built in
1970 and recently renovated in 2014, The Gardens at Hidden Creek has been
well-maintained as current ownership has implemented significant capital upgrades
into this property. These CapEx updates leave incoming ownership with a solid
foundation to rehab unit interiors and increase rental revenue moving forward.
Colorado Springs has emerged as a choice location for companies relocating
from outside states, as well-established companies from all sectors are choosing
Colorado Springs to grow their company. The southeast area of the Springs has
seen consistent double digit rent growth over the past year and continues to close
out sales comps in the $200,000+/unit range.