Evening star. [volume] (Washington, D.C.) 1854-1972, 1900-03-10
Improvements in Progress in Various
Sections of the District.
SMALL HOUSES At MODERATE RENTALS
Opportunities for investment and
Also for Home Seekers.
VAR1 OUS M ATT Frs

/ pany OF this city. 1t Is the purpose OF this
company to have both of these buildings
completed at an early date. The Office
| building is to occupy portion of the pres
| emit site of Willard Hall, on the south side
Of street between 14th and 18th streets.
The ground is the property of Mr.. Joseph
| q. Willard, and it is his purpose to put up
| a building which will be adapted for the
| uses Of the company. 1t will have 'front.'
age of forty feet and depth of 100 feet,
and will be one story in height. The cost
| of the building will be between $4,000 and
$4,000.
| The other structure mentioned is to be To-
Gated on the square which is now the prop
erty of the company, and which is bounded
| by Delaware avenue and LIST street and K
and L streets northeast. It is not the pur-
pose to put up building at present to
cover the entire ground. The plans which
are being prepared provide for structure
| stories In height. 1t is to be thoroughly
| fireproof.
Investment Chances.
The opportunities for investment now Of
fered in the real estate market are said by
| brokers to be not only quite plentiful, but
satisfactory in character. An examination
| was recently made of list of houses offer
| ed for sale, and the rates at which they
were rented showed that the properties
yield gross income. based on the price at
which they were offered, ranging all the
| way from Z per cent to So per cent. 1t is
J claimed that such properties will pay a net
| income of at least per cent; in cases
| where the gross receipts amount to more
! than per cent the net result is, of course
still larger.
| special pieces Of property. but prevails
| quite uniformly throughout the market. 1t
| is believed, therefore, that the chances for
profitable investment in real estate are bet
| than fh0Sa 11p iro1,1 10
| lines, and from the general character of the
sales made It is thought this fact is becom-
| ing more and more apparent to investors.
As to Small Holdings.
| 1t is safe to say that the investors are
| now in the market. and as the great bulk
OF this class and in fact the great bulk
Of the buyers of real estate are those who
| have small sums to invest, the trading is
| largely in property of this class. In fact
the large proportion of property in this as
well as In other cities is composed of what
| is known as small holdings. the large and
expensive pieces representing only small
proportion of the transactions.
1t Is believed that with the appearance Of
people who have oney to invest there will
also be a revival of interest on the part of
those who are not row home owners. The
inducements in this city for people to own
their own homes are 30 liberal that 1t is
not surprising the proportion Of home own
ers Is as large as It is. However. 1t is be-
advantage to themselves become their own
landlords II they were willing to make the
attempt through building associations and
other agencies
People with only small amount of ready
cash can make 4 start on the road which
will end in their owning their homes. The
conditions of the market are now especially
favorable for those who wish to make a
beginning in this direction. Building sites
| can be obtained within or without the lin
| Its of the city and favorable arrangements
| can be made for putting up a house or else
one already erected can be purchased on
reasonable terms. In fact, a prospective
home owner always receives encourage
ment because he Is looked upon as a vaiu-
able member Of the community.
Returns From Business Property.
During the past week two pieces of prop
erty in prominent sections of the business
portion Of the city have changed hands, and
the prices given as the consideration in
these show that they are based largely on
the lncome-producing capacity of the prop
critics. In one case 1t is claimed that at
the present rental value the property yields
per cent net on the price given. When
the returns which the average investment
now offered are considered, it will be recog-
nzed that per cent investment is rather
good thing. 1t is said that such chances
are by no means unusual In the market,
and 1t Is explained that 1t is this fact which
leads to the inquiries being made and to
the transactions which are noted from time
to time.
At Moderate Rentals.
Plans for providing homes at moderate
rentals have recently been worked out in
two cases by B. 8. Simmons, architect and
it is expected the buildings so planned will
be erected during the coming season. In
designing a row of eleven houses to be
built by the Sheldon Jackson University
Fund on l. street between 18th and 18th
streets southeast Mr.. Simmons has follow
q q q has OFF Jal
by the houses erected by the Sanitary I'M
provement Company. These houses are to
be each two stories in height and 1sx5s
feet There will be two entrances for each
house, one leading to the apartment on
the first floor and the other to the one on
the second floor. The yard in the rear will
be divided into two. with steps to it from
the second floor. The rooms on each floor
will consist of a parlor, bed room. bath
| room, dining room and kitchen. The inside
| rooms will be lighted by wells.
The other scheme Is the erection of a
group of about twelve houses on 7th street
between G and H streets southwest by S.
L. Phillips. They are to be three stories in
| height and will be built in pairs. There will
| be a common entrance and staircase in
| each. There will be but one apartment on
a floor. as the buildings will be 1sx43 feet
Each suite will consist Of four rooms and
a toilet room. but there will be a bath
| rooms in each house. The different floors
| can either be heated by the furnace or by
stoves on each floor, as will be done with
| the houses referred to above.
| DR.. KOber's Residence.
Ground will be broken in few DAYS for
the handsome residence which Dr. George
M. Kober will erect at the southwest oor-
| ner OF 10Th and T streets, after the plans
prepared by speiden & speiden. architects.
1t will be three-story and basement
building, with frontage of twenty-four
| feet on 18th street and LOO feet on T street.
The fronts will be of notified Pompeiian
6rfo mol
mings. A large amount of detailed copper
| work will be used in the exterior design,
| which will be in the colonial style Of archi-
| lecture. An extensive reception hall on
| the principal floor will separate the parlor
from the dining room This door will also
contain a large library. kitchen and but
lers pantry The upper floors will be used
for sleeping apartments and dressing
| rooms The house will be trimmed in hard
| woods and furnished with tiled baths, open
dreplaces. cabinet mantela, gas ranges.