The morning news. [volume] (Savannah, Ga.) 1887-1900, 1900-05-06
CLASSIFIED ADVERTISEMENTS.
Continued from Page 3.
FOR sALE-REAL ESTATE.


IN REFERENCE TO VACANT LOTS
There is just one tract of land in the
old limits of the city--that is, north of
Anderson and west of East Broad-whieh
has not already been buile up; THAI is
that land lying between Price and East
Broad streets, and fronting on GWinnett
street lane, Bolton street, Waldburg
street, Park avenue new Houston street,
Duffy street, Henry street and Anderson
street; while this piece of land has been
lying unbuilt on and undeVeloped, the
march of improvement has leaped over
it, and you find handsome residences a
mile further south and a mile further
east; and this big space of ground in
what is now the heart of the city-lies
vacant; people naturally inquire the rea-
son; the former owner of the property
died and wisely provided that his estate
should not be divided until the heirs be-
came of age; this tied the property up,
SO thas nothing could be done with 1t I'M
til the present time; the first trade was
closed up ten days ago and since then
forty lots have been Sold every one with
the understanding that they be built on
within one year; why should the heirs
wish to sell? Well, the land represents
about one hundred thousand dollars,
which they must pay taxes on, amount
ing to hundreds of dollars a year; then,
they are losing interest on their money,
six thousand dollars a year. So you see ID
is costing them nearly ten thousand dol
lars a year to own the property; they
naturally want to get an income from it;
knowing that most people do not like 20
build where there Gre no other houses,
our plan has been TO find people who
would improve the lots before we would
sell chem; about one-third the property
has been sold to builders; we are going
to offer a few more at auction and i'm
prove the remainder ourselves; the people
who own this property do not live here.
and they want it put on a basis that will
produce revenue TO them; theyk must sell
some of il TO get money to Improve the
balance; they do not expect to get fancy
prices for 1t, and although they are in
formed that lots adjoining. are bringing
81 SEQ each, and are wen worth II, and that
other lots within a block of the place are
held as high as $2,50000, they realize that
to sell quick they must be satisfied to
get half these prices; now, the lots will
certainly be. sold II anybody IL willing to
buy them none except the CHOICE high
lots will be offered; we have already DIG
posed of the low lots and. fine residences
will be built on them; those offered will
be the pick of the bunch: the big East
Broad street sewer, running the entire
length Of these lots. has just been COM
pleted thus assuring perfect drainage:
the tract may be conveniently reached by
every line of street cars, and, altogether.
IL is the very best location capable Of be-
ing purchased for the erection Of a good
class of renting houSes there can be no
question that these lots will sell for twice
as much in a couple Of years as we ex-
pect 20 get for them; The terms are 500. 90
cash on a lot and $500 per annum ($6.25
Der month"; thereafter, with per cent.
interest, payable quarterly; these terms
ought to suit most people; but If they
don't suit you. see me, and will try 70
arrange satisfactorily; auction sale OF
lots between Price and East Broad
streets. on Waldburg and Duffy streets.
Thursday. May 10, at 5 o'clock D.. m.
terms $4,000 cash, $500 a year ($6.25 per
MONTH. with per cent. interest. John
l.. Archer, 10 Provident building.