El Paso herald. (El Paso, Tex.) 1901-1931, 1920-03-27


i IN Fl Faso by new people arriving
here VIII bring on the most active
season IN real estate circles ever Wit
messed in this city, according to James
I. Narr. OF the real estate company
bearing that name. The demand far
exceeds the supply. ana to meet this
great demand il IS his opinion ma
there VII be hundreds Of homes built
throughout the residence sec-l0ns o.
Thers are "a residences IN course OF
construction IN Richmond terrace
Owners Of this property have decided
70 build about so homes in this sec
tion during the present year
Building In Austin Terrace
Contracts have been let Tor the
construction Of $4,000 worth OF
residences in Austin Terrace, accord.
iuE 20 a report from the owners or
This property. These homes viii be
ru1 story structures. and VIII cost
apnrorirnately Se0.O00 each. There
viii be eight OF them and they are
70 be modern in every respect, &C
cording TO the specifications for
building them
Ia Il Paso that there are now more
than 200 residences under course OF
construction Most Of these, Il is
said. are bungalows OF a price LOT Inc
average buyer OF home Many
young working men are entering the
market for homes, and Il Is expected
that O still larger number OF small
homes viii be built this spring
Business Property Active
Business property IS stIl inactive
according TO real estate interests
Many are OF the opinion that owners
are holding downtown properly OH
the market awaiting further develop
ment in the Pecos and Ioyah OIL
q"
whether or not big oil production is
found there, real estate In Fl Paso
win not decrease IN value One deal
for business property was competed
this week by James l. Mari and com
uaur. BIZ selling w l. Ioolev SO 1eer
on san Francisco street. By IS feet
inches. on Chihuahua street, for q
consideration Of S35, GOO. This prop
errv formerly belonged to W n Earl
The following real estate trades
have been reported during the past
James L. Marr & Co
Mari Brothers Investment com
pznv 20 Airs Reua Geiger, east half o.
lot IS, an Of lot q, block 81. East Fl
Paso addition $4,000.
". F. Hollsmon 70 y. n and
Florence Johnson S2S Missouri street,
W II Petieolas TO MARI Brothers
Investment company. lot and south
Z feet OF lot 6, block a. Sunset
Heights addition. $500
J. D. Hogee 10 Frank Meters. lots
% 4, inclusive, block g, East Fl
Paso addition. $500
r 3 Alves 20 sam Watkins 1870
Hawthorne street $4,000
Luis yIedrano 70 Mari Brothers In
vestment company, 22es Montana
street. $4,000.
Mar Brothers Investment com
uanv 10 Paula Loya Vda- de DelEado,
M If Hmm i n 4
East FL Paso addition. $500.
Frank Meters 70 Mari Brothers In
vestment company lots ] 70 4, block
e., East Fl Paso addition, $500.
Invests Heavily In Real Estate
Further evidence OF the confidence
investors have in FL Paso real estate
is shown by the large amount OF
property acquired recently by newly
formed investment companies one
II these corporations, the Texas Land
and Building Co. although only or
CauiEed last November, has purchased
anuroEfrnat 100000 worth Of local
real estate. This company does not
conduct 2 commission business. but
buys property outright for Investment
through the various members OF the
real estate board OF FL Paso. The
following IS a partial list OF proper
ties the Texas Land and Building Co
has bought during the past few
Pierson hotel property. northeast
corner OF Mills and Kansas streets.
This property has 81 feet front on
NILS street and $50 feet front on
Kansas street II was the first brick
hotel IN FL Paso- The new owners are
spending $4,000 remodeling the
building and have leased practically
ali The stores and upstairs hotel at
attractive rentals.
21o4-2110 Texas street-Thls Is q
two story store and hotel building
occupied by the Charles Ross paint
shop on the ground floor, and u
room hotel on the second floor.
Northwest corner Of Rio Grande
and Gotten avenue.-This is a brick
business block. consisting Of one
story brick garage, two story brick
store building and brick residence.
115 west Rio Grande street A
fargo two story brick residences OF
nine rooms. in Sunset Heights
321e Aurora street, a modern five
room bungalow and two lots. in Man
haitian Heights.
2T27 San DIEGO Etreet- q modem