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
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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