The Washington herald., 1910-06-26

eral pieces Of business property, many
residences. and considerable unimproved
land, upon which houses win be erected,
some Of them this year. While the situa-
ton remains comparatively dull, the
business of last week was better than
for several weeks before.
One of the largest deals announced
was OF the property near the corner OF
Thirteenth and G streets, which Eldridge
Jordan sold TO unannounced purchasers
for S225, 900. This property lies at the
lower end Of the block. which was
Familiarity named real estate row" sew
eral years ago, when the real estate
offices began 10 gather IN that part of G
street. In fact. the property sold is oc-
cupied in part by real estate men,
drug store being IN the corner building.
Old Property Improved.
This property was purchased in several
pieces by Mr.. Jordan about three years
ago It was at the time occupied by old
dwellings placed there in the last CEN
fury. which had been adapted to some
extent into business places. Mr.. Jordan
IN a few months changed the whole ap-
pearance of the locality by tearing down
the old structures IN part and building
them over into modern Office buildings,
which Immediately rented at good prices.
II is understood that Mr.. Jordan realized
close on to $4,000 for his investment
above the original cost OF the property
and the improvements, showing that II
pays well TO put property IN good con-
dition even when II is TO be held for
investment
washington Is full OF just such prop
erty. the value OF which would be In
creased 70 TO 100 per cent by intelligent
Improvement. When Mr. Jordan became
the owner OF the old ramshackle build
ings at the point named. which probably
had paid a handsome profit in the way
OF rentals to the previous owners. it
was not a question of what he could
make by pursuing the policy Of getting
as much rent as possible out Of old prop
erty, but Of what could be made out Of
It by rebuilding and making It desirable
az a higher rental than il had ever paid.
shows wisdom of Owner.
The result shows the wisdom of the
course pursued. If other owners OF real
estate in Washington would pursue a
similar course it would not only pay
them, but il would soon rid Washington
of many of the old buildings in the bust
ness district which are unsightly al1
have nothing 10 recommend them to ten
ants except cheap rental.
Fortunately the business district IS rap
idly undergoing improvement by the cree
ton of new buildings In the place OF
old ones, and in the remodeling process
which results in much better looking
structures; but much more remains 10 be
done before the city will take on that
clean and new appearance which il
should have.
As announced in The Washington
Herald several weeks ago, an improve
ment of this kind IS soon to be made in
the Raleigh Hotel The roof OF the older
part of the building is TO be raised, and
the front walls are TO be made over TO
correspond with the newer part Of the
building erected three or four years ago.
The Improvement will add some available
space within the hotel, but the main thing
viii be the improved appearance OF the
exterior when viewed from the Avenue.
VIII Improve store.
It Is also announced that Garhnkle &
Co. will soon build up the corner Of their
place of business to a uniform height
with the main structure. A few years
ago an old building stood at the corner
Of Thirteenth and streets, around
which the big building occupied by the
Garfinkle Company had been constructed
with frontages on both F and Thirteenth
streets. This old building was removed
and a fine new structure two stories in
height was constructed. This was later
leased by the Garfinkle Company and
made a part OF their store. Now the
walls are to be carried UP 10 the height
OF the other building, adding considera-
BILE floor space to the store and immeasu-
urably improving the appearance of that
corner.
Just above, on the corner of 2 and
Fourteenth streets. under the direction
Of Mr.. Shut, lessee. the Ebbitt House is
undergoing extensive repairs, which will
extend alike to the interior and the ex-
terror Of the building.
Other improvements OF this sort are
going on in various parts of the business
district, all making for the greater beauty
OF the city and the larger value Of the
property TO which the Improvements are
made.
Sales of the Week.
It Is reported that $4,000 was paid for
the property at 81 Pennsylvania avenue.
which was sold during the week to the
company operating the moving picture
show located there
The price paid for the property at 1881
F street northwest, which was sold dur
ing the week by Guy F, Whiting to Mrs
Doubleday. is $122, 800
DR.. AlOnZo Bliss seems TO be q strong
believer in the future of property on
Sixteenth street. He had no sooner con-
veyed the southwest corner of Sixteenth
and streets to the Scottish Rite Masons
when he acquired the northeast corner
and the corner OF Sixteenth and Newton
streets.
The Sixteenth street corner was pur-
chased from Mrs. Virginia c. Huidekoper
at $3.50 square foot, which totals nearly
$4,000. The other purchase was made
from Nicholas z. Young, the former
baseball magnate.
One Of the largest realty deals Of the
week was the sale of the Ottawa Apart
ment House at 1904 Thirteenth street
northwest, by Charles Some to II. P
Pilsbury The price paid was $4,000, and
the property rents for $1,000 a year.
Inc James y. LdhhptOh 20 mas sOIQ
the property at 1125 Fourteenth street
northwest to James Jones and c. P
Townsend The price paid is reported TO
be $4,000 The lot is 2L4 by 96 feet and
the improvements consist Of a four-story
brick building. which is under rental for
$3.50 per annum.
The four-story white stone front Eng
lish basement residence at ISIS Connect
boe
by Clarke Waggaman. The house con-
tains, of twelve rooms and four baths, and
was purchased by local resident for his
home at q consideration OF $4,000.