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29567796
29567798

3645 Verde Dr, Colorado Springs, CO 80910

CP
FA100024161
Marcus & Millichap - Denver
Listed by Marcus & Millichap - Denver
Unpriced
119 days on market
Updated 28 days ago

2025 YOC | 26 Large BTR Townhomes | CO Springs

Details
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Square Footage 43,016
Net Rentable (SqFt) 43,016
Units 26
Class A
Year Built 2025
Acreage 2.000

High Growth Market; Near Airport & Innovation Hub

Marketing description

Verde Commons is a newly delivered (2025) 26-unit townhome community offering true home-sized rental living in a market defined by rapid population growth, constrained housing supply, and declining access to homeownership. The community is comprised primarily of spacious three-bedroom residences, complemented by a limited collection of five-bedroom walk-out homes, with a weighted average unit size of approximately 1,654 square feet - positioning the asset as one of the most differentiated large-format rental offerings in Colorado Springs.

Each residence features a private, multi-level layout with direct entry, attached one-car garage, and in-unit washer and dryer connections. Select five-bedroom homes include full walk-out lower levels, providing natural light, grade-level access, and true three-story functionality. Contemporary finishes, efficient building systems, and durable construction create a living experience that closely mirrors for-sale housing, supporting long-term marketability and resident retention.

Colorado Springs continues to benefit from a highly resilient employment base anchored by Fort Carson and Peterson and Schriever Space Force Bases, alongside a growing concentration of aerospace, defense, healthcare, and technology employers. Accelerated home price appreciation and elevated mortgage rates have materially expanded the renter pool, increasing demand for high-quality alternatives to ownership. Verde Commons is well positioned to capture this demand by offering modern, townhome-style residences that bridge the gap between renting and owning, supporting durable occupancy and sustained rent growth.

Investment highlights

  • Brand-New 2025 Construction Below Replacement Cost: For-sale caliber for rent townhomes delivered meaningfully below today’s cost to build in a high-barrier, low-inventory submarket.

  • Oversized, Differentiated Floorplans: Average unit size of 1,654 SF with scarce five-bedroom layouts, positioning the community as one of the largest and most functional BTR offerings in the market.

  • Low-Density Configuration: Private entrances, no stacked units, and only 12.81 units per acre.

  • Affordability-Driven Rental Demand: In-place rents remain well below the cost of purchasing comparable new construction, capturing households priced out of homeownership and supporting durable occupancy and rent growth.

  • Airport & Innovation Hub Proximity: Five miles from Colorado Springs Airport and adjacent to Peak Innovation Park, a $1.8B economic engine driving job creation, business relocation, and sustained housing demand.

  • High-Growth, Undersupplied Market: Colorado Springs is on a trajectory toward a 1M+ population by 2050, with housing deliveries materially lagging demand, creating a structural supply-demand imbalance that supports long-term rental growth.

  • Recession-Resistant Employment Base: Anchored by Fort Carson, Peterson Space Force Base, and the expanding aerospace and defense corridor, providing durable, credit-stable renter demand from service members and young professionals.

  • Private Garages & In-Unit Laundry: Every residence includes an attached one-car garage and washer/dryer connections, amenities typically associated with for-sale housing rather than rental communities.

  • Low-Density Townhome Configuration: Multi-level residences with private entrances and no stacked units, equaling 12.81 units per acre, offering a neighborhood-style living environment with greater privacy, space, and separation than conventional apartment product.

  • Architectural Diversity & Curb Appeal: Multiple exterior elevations and façade treatments designed by Sun Mountain Design create visual depth and long-term marketability.

  • Affordability-Driven Demand: In-place rents remain well below the monthly cost of purchasing comparable new construction, capturing demand from households priced out of ownership and reinforcing sustained rental growth.

Listing Contacts

CP
FA100024161
Marcus & Millichap - Denver
Listed by Marcus & Millichap - Denver

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Additional Information

Name
Matthew Berk
License
CO FA100103127
Brokerage
Marcus & Millichap
Brokerage Phone
303-328-2035
Title
Broker of Record
Brokerage Address
1144 15th St., Suite 2150, Denver, CO 80202
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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