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Listed by Dave Park • TTR Sotheby's International Realty

$12,500,000

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1128 10TH ST NW Washington, DC 20001

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Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Subdivision Logan Circle

MLS Listing ID DCDC2289928

Year Built 2026

Annual Tax Amount $1

Tax Year 2025

Property Sub-Type Five Or More Units

Source BRIGHT

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.

Location

State DC

County Washington

Zoning RA-2

Interior

Hot Water Natural Gas

Heating Hot Water

Cooling Central A/C

Heat Source Natural Gas

Exterior

Water Access N

Accessibility None

Garage N

Building

Sewer Public Sewer

Water Public

New Construction Y

Schools

School District District Of Columbia Public Schools

Others

Pets Allowed Y

Tax ID 0341//0012

Ownership Condominium

Acceptable Financing Cash, Conventional, FHA, Private, VA

Listing Terms Cash, Conventional, FHA, Private, VA

Financing Cash,Conventional,FHA,Private,VA

Special Listing Condition Standard

Pets Allowed No Pet Restrictions

NEARBY SCHOOL & BUSINESS

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1128 10TH ST NW Washington, DC 20001

DC Homes Guide

Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

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1128 10TH ST NW