VERNA - 1128 Tenth Street NW, Washington, DC Ten furnished residences. One professional operator. A building that already works. VERNA is ten newly built apartments in Logan Circle, two blocks from Mount Vernon Square Metro - furnished, occupied and producing income from the day you close. White oak floors, nine-foot… Read More ceilings, Poggenpohl kitchens, Bosch appliances, in-residence laundry and private outdoor space in every unit; eight two-bedrooms and two one-bedrooms behind a secure, elevator-served lobby. LANDING, the operator of 10,000-plus units nationwide, furnishes each residence at its own cost, screens every resident, markets the building, and pays the owner 80 percent of revenue monthly. Average stays run 77 nights. The Year 1 projection shows $442,178 in owner proceeds, with occupancy stabilizing above 91 percent. The month-to-month agreement leaves every option open: keep the operator, replace it, or change use. Offered at $12,500,000 by The Centurion Group, Sotheby's International Realty. Projections subject to verification. Read Less
Courtesy of David H Park, TTR Sotheby's International Realty 703-745-1212
Listing Snapshot
Days Online
3
Last Updated
Property Type
Commercial
Square Ft.
6,057
Year Built
2026
MLS Number
DCDC2289928
Additional Details
Building
Built in 2026, 5 stories, Entry level: 1, Construction Materials: Advanced Framing, Brick Front, Concrete, Combination
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