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1111 - 1123 Verde DrColorado Springs, CO 80910
The Gardens at Hidden Creek
Asset ClassMultifamily
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Overview

Cushman & Wakefield is pleased to present The Gardens at Hidden Creek, a 125-unit, value-add multifamily community located in the heart of Colorado Springs, Colorado. Built in 1970 and situated on 2.91 acres, the property offers a compelling opportunity to unlock significant rent growth through interior renovations, supported by strong market fundamentals and a proven 96% occupancy rate. Residents enjoy a quiet, tree-lined setting enhanced by a community pool, fitness center, on-site laundry, and covered parking, with immediate access to major employment hubs including Fort Carson, Peterson Space Force Base, Colorado Springs Airport, and Downtown Colorado Springs.

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Investment Highlights

25-UNIT VALUE-ADD OPPORTUNITY: Exciting Value-Add Opportunity with significant upside potential through interior renovations to capitalize on proven rent premiums.

STRATEGIC LOCATION: Centrally located and positioned near major employment centers including Fort Carson, Peterson Space Force Base, the COS Airport, Peak Innovation Park, and Downtown Colorado Springs.

DIFFERENTIATED AMENITY OFFERINGS: The Property is located in a residential setting with mature trees, well maintained landscaping, community pool and gym, on-site laundry, and covered parking, ensuring tenant satisfaction and retention.

STRONG LOCAL ECONOMY: Supported by thriving defense, aerospace, healthcare, and technology industries including Fortune 100 companies highlighted by Lockheed Martin, Hewlett Packard, Apple, and Northrup Grumman.

COLORADO SPRINGS MARKET OUTLOOK: Colorado Springs remains one of the fastest-growing cities in the U.S., driven by affordability and quality of life. Despite short-term headwinds from increased supply, Colorado Springs long-term outlook remains optimistic for investors, tenants, and future in-migration.

POSITIONED FOR AGENCY DEBT EXECUTION: Stabilized asset with 96% occupancy, great third-party management, and strong collections ensure this asset is positioned for agency debt execution.

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1111 - 1123 Verde DrColorado Springs, CO 80910
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Listing provided by Revere CRE