Evening Star Newspaper, August 31, 1929, Page 15

| REAL ESTATE. | ‘THE FEVENING STAR, WASHINGTON, D. C., SATURDAY, ‘A GUST - 31, 1929. REAL ESTATE. . ‘Less than $12.50 per room per month!” Last Sunday Admiring Hundreds Viewed This 'Pmposed $15,000,000 CO-OPERATIVE DEVELOPMENT HE MONTHLY fayments quoted with the accompanying k3 HE R?NTAL value of these apartments has been appraised floor plans, amounting to $47.25, $59.75, $62.25 and $74.75, by disinterested parties. The renter will be surprised to respectively, include all installment payments and interest learn that these apartments can be purchased for a great on notes and the cost of operation. The cost of operation in- deal less than would have to be paid to rent similar accommoda- tions elsewhere. For examgple: cludes electric refrigeration, taxes, heat, insurance, water, janitor # service, and all other general expenses of conducting the corpora- 100% Co-operative The rental value of a Type 4 afartment (shown in accom- tion. Interest is at the rate of 6%. , panying floor $lan) is at least $70.00 a month, including electric The fnancial set-up of this project is articularly sound, and 2 6 "’"’""”",'; a g eeto deieiniof thamanihly centallio - g v d, “ . . . . ’ ment. 2,520. e i oy st s Mmoo Dedicated to the Beauty that is Washington oot of $1238 e, i Coofersioe enerciy T for the first time. Each building is subject to only one deed o would be $1,701. A saving to the Co-operative Ow ; g el e e ok s - /. Pl e T s u,fi;zrh:lt;t‘ and n;du:ltd ;n ;1;: I:a;n? ml; !trvct Ioffi the ”:t: Inspection Every Truly Wonderful ;:‘mz of purchase. In less than three years his cash payment will allocated to an apartment. e balance of the sale price repre- . . b ¢ d im 73 iy sents the present cash value of the stock. The purchaser selects .Day and Evening DevelopmentSunday ehda el ey )':’f.";,.";l.‘:i L‘Zfl:fi;’:fi“.’, :;"?;’;?séa‘:'idf'f an apartment and agrees to buy the .m;cl;. a"oca;td to the mr- e S e Corporation will take his note for the balance of the sale price At Emerson St. N.W. :::.:a;f;f':h':: a:?’:;l}n::i?uh.‘;"w apartment in this develog- above the proportion o{ the trust. There is no chaqa fo‘r this. 2 The co-operative apartment owner enjoys freedom from the The ’,mum.{ .;an gvvc;hc Dtv];’o}m;nl 5.,,gnr.¢,on his ge[ ; J : oo o responsibilities of an individual house. He does mot have to sonal note wit is stock as collateral and agrees to make T g e 5 bother with ., hovels ; These installments and interest fiaym;nt; ar]: included in t’ledfl}y- g : g v p o moving troubles. He is free to go away and return to fnd his sHentongasiedbelsve s senerapindiidialiersnscitinsssanaids ] ; X : B apartment ready for occupancy. He can d Fanidies il THERE ARE NO SECOND TRUSTS : - g / » # P because he has a voice in the selection. TYPICAL FLOOR PLANS . 6 QLI v g - . = : AT 4 TYPICAL FLOOR PLANS TTYPE 4 trearrion ) k: { 5 . i 3 3 Lo ¥ - S " 4 PuiNe Roon BEDSEOON bep Room ) it . > { ‘ ko 3 - S 7xa0r LIS T- L e 1-6"%15" 11-6"x15" i SRR .,....:.,...,.. | Rai'ts A 3 ¥ p: ' ' g | 12'%18-6" 12'x17 9x12 ; : BED Room Monthly Paymene. . i \ 9s s 0 ; ’ 2 | iexiator $47.25 - Sl Monthly Payment $59.75 View of the first nine buildings of this enormous development now open . for your inspection ' sisde noon : 25-Minute Express Bus Plenty of Windows! - J L aERRDON 0% Service to Principal - - All Outside Rooms! 5 SEesmecty Government Departments - Every Apartment a Corner! s wxis ne&snce B Crme—— 4 nationally recognized innovation in homes production which, - ; I oze Room "' ™, O . . 3 . s B when completed under our proposed progressive plan, will cover ; d i NN 12'%17° i 12 13 x13-6" e VAR | ACRES—NEW HAMPSHIRE AVE. AND EMERSON N.W. . $62.25 $1,140 7, $74.75 HAT THIS is a supreme achievement in homes produc- The allure of the wflole, development, topped off with the ir- . 1 tion and has properly met a long-felt demand in Wash- resistibly low prices and terms, brought an extracrdinary re- Visit ' ington, was evidenced by the wonderful reaction of the sponse in sales. s | 4 g hundreds who visited this development last Sunday. The representatives of the Company were aided in handling : : oid aia the overwhelming demand by the volunteer services of en- Sund d)’ The beautifully designed buildings, the charmingly landscaped thusiastic purchasers, anxious to aid others to grasp the oppor- park and gardens and the perfect arrangement of the rooms tunity—a splendid example of the spirit of co-operation which within the apartments elicited unstinted praise from all. . will guide this enterprise to assured success. Each building will be delivered subject only to one conservative trust financed by the H. L. Rust Co. THERE ARE NO SECOND TRUSTS. ; We also initiated in Washington the plan of placing all deposits in a special bank account, with the Security Savings and Commercial Bank, where they are left unused by the builder until the building is completed according to sp ecifications and ready to operate under the 100% CO-OPERATIVE PLAN. Every apartment in a building must have a responsible owner at the outset, because rigid social and financial investigations are made. 2] We have adopted the advice of the Consultation Committee of the National Association.of Real Estate Boards in initiating in Washington the following safeguards.; g : ' \ i : : Hampshire Gardens Development Corporatlon . TO INSPECT — Take Washington Rapid - Transit Bus Edmund J. Flynn, Director of Sales NOTE—An exhibit apartment has been % les Office, New Hampshire A Er Street N.W. : g marked “8th & Emerson” and get off at 5th and Emerson, Deles Discs, New Phons Cofivabis i handsomely and ~ completely - furnished or drive directly out New Hampshire -Ave. to Emerson. ' Main Office, 1416 Eye Street NW. Phone National 8949 v throughout by. W. B. Moses & :Som. \ . o o _————— Oo~-op€ ratlon--—Prgg’re S S,lon~‘