1128 10th St Nw, Washington, DC 20001

Property Description

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 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.