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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
FEDERAL HOUSING ADMINISTRATION
WASHINGTON, D. C. 20411
OFFICIAL BUSINESS
.1no.< 1
Reproduced from the manuscript collections at Boise State University Library
Len B. Jordan Collection MSS 6. Box 156, Folder 28
This material may be protected by copyright law (Title 17 U.S. CODE).
~· .
YOU are invited to inspect
BOISE HILL VILLAGE
located in the Northeast Section approximately
2Y2 miles from the city center of Boise, Idaho.
Boise Hills Village consists of 18 two-story
wolk-up buildings containing a total of 202 units
and on-site parking. This property was constructed
in 1948 and as of April 1967, was 50%
occupied.
FOR SALE BY PUBLIC OFFERING
THE FEDERAL HOUSING ADMINISTRATION IN·
VITES BIDS FOR BOISE HILLS VILLAGE TO BE TEN·
DERED IN THE MANNER INDICATED. ALL BIDS ARE
NET TO FHA. BIDDING INSTRUCTIONS MUST BE OB·
TAINED FROM THE UNDERSIGNED. TO QUALIFY FOR
CONSIDERATION, EACH BID ON ITS FACE SHALL BE
FIRM, UNCONDITIONAL, RESPONSIVE, FIXED IN ONE
AMOUNT CERTAIN AND NOT IN THE ALTERNATIVE.
PRICE
TERMS
DEPOSIT:
$400,000
ALL CASH NET TO FHA
$40,000 WITH BID. BALANCE AT
CLOSING
SEALED BIDS WILL BE RECEIVED AND
PUBLICLY OPENED AT 11:00 A •. M. E. D. T. ON
JULY 18, 1967
AT THE OFFICE OF
THE PROPERTY DISPOSITION DIVISION
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
FEDERAL HOUSING ADMINISTRATION
1001 VERMONT AVENUE, N. W.
ROOM 618
WASHINGTON, D. C.
5
0
INSPECTION OF PROPERTY
Prospective bidders are urged and invited to inspect the
property. Inspections may be arranged Monday through
Friday, between 8:00 A.M. and 5:00 P.M. local time by
contacting either of the below:
MANAGEMENT AGENT FHA DIRECTOR
Frances Hallack Realty Mr. Kenneth Tyrer
2816 Rosebill Federal Housing Administration
Boise Hills, Idaho 83 705 331 Idaho Street
Boise, Idaho 83701
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Reproduced from the manuscript collections at Boise State University Library
Len B. Jordan Collection MSS 6. Box 156, Folder 28
This material may be protected by copyright law (Title 17 U.S. CODE).
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PLACE
STAMP
HERE
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
FEDERAL HOUSING ADMINISTRATION
Property Disposition Division
1001 Vermont Avenue, N. W., Rm. 605
Washington, D. C. 20411
Reproduced from the manuscript collections at Boise State University Library
Len B. Jordan Collection MSS 6. Box 156, Folder 28
This material may be protected by copyright law (Title 17 U.S. CODE).
APARTMENT INFORMATION
BOISE HILLS VILLAGE WAS BUlL TIN 1948 AND ACQUIRED BY FHA APRIL 12, 1966. IT CONSISTS OF 18 TWOSTORY
WALK-UP BUILDINGS CONTAINING A TOTAL OF 202 UNITS AND 904 ROOMS. IN ADDITION, THERE IS
ONE ACCESSORY BUILDING USED AS WATER STORAGE AND PUMP HOUSE. IT IS LOCATED ON VILLAGE LANE
IN THE NORTHEAST SECTION OF BOISE, IDAHO.
CONSTRUCTION UTILITIES TENANT SERVICES
Foundation Concrete Private Well, Gas, Electricity, Hot & Cold Water, Heat, Refuse
Ext. Walls Wood Siding Sanitary Sewer Removal, Customary Maintenance,
Floors Oak • Linoleum Metered Laundry Foci I ities, On-s ite
Roofing Asphalt Shingles Parking
Heating Central - H. W. • Gas PAVING: Macadam, Curb and EQUIPMENT: Electric Ranges and
Dom. Hot Water Centro I - Go s Sidewalk E leetrie Refrigerators
5 thdUJd~o;'Q-;..3 bldgs. 10%
I
Basement
RENTALS APPROX. EXPENSES
No. Units Room Count Oria. Rate/ Mo. Rate CURRENT Type Amount
33 3 n (1 BR) $ 78. $65.00 Taxes Per Yr. $23 ,050.88 (1)
141 4n(2BR) 87. 1 @ $55.00, 8 @ $72.50, 9 @ $90.00' Res. for Repl.
122@ $75.00, 1@ $80.00 Per Annum NOT APPLICABLE
28 5~(3BR) 94. 26 @ $90.00, 1@$110, 1@$115.
Gross Annual (2)
Rent Roll $ 209,676 $ 184,620. l UTIUTIES $18,653 .74
OCCUPANCY PERCENTAGE
Year Jon. Feb. Mar. Apr. May Jun!l July Aug. Sept. Oct.
1966 43 43" 41 42 42 45
:
1967 51 42 49 50 - L___ ___
(1) 1966-67 Real Estate Taxes: County $21 ,666.10; Sewer Charge $960; and Water System $424.78.
(2) Utilities: Gas (heating) $13,237.42 and Electricity $5,416.32
(12 month period ending April 30, 1967).
NOTE: Income received from metered laundry facilities for April1967 was approximately $150.
Nov.
47
- -
Dee.
49
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Reproduced from the manuscript collections at Boise State University Library
Len B. Jordan Collection MSS 6. Box 156, Folder 28
This material may be protected by copyright law (Title 17 U.S. CODE).
GENERAL INFORMATION
Purchaser will be required to accept the property WITHOUT
WARRANTY AS TO PHYSICAL CONDITION.
Title to all equipment and chattels owned and used by
FHA in the operation of the property will pass to the purchaser,
but WITHOUT WARRANTY AS TO PRECISE
COUNT AND CONDITION.
While care has been exercised to assure accuracy, all
information provided is solely for the purpose of permitting
parties to determine whether or not the property is
of such type and general character as might interest them
in its purchase, AND FHA MAKES NO WARRANTY AS
TO THE ACCURACY OF SUCH INFORMATION. Those
interested are expected to acquaint themselves with the
property, and to arrive at their own conclusions as to
physical condition, number and occupancy of revenue
producing units, estimates of operating costs, and any
factors bearing upon valuation of the property. The information
herein is all that will be made available by
FHA.
DEPOSIT WITH BID. Bids must be accompanied by Money
Order, Certified, Cashier's or other banker's check to
Federal Housing Administration for not less than the
REQUIRED DEPOSIT, to be applied on the purchase or
returned if the bid is rejected.
TERMS OF SALE. The purchaser must provide for payment
of the full purchase price in cash. The sales contract,
used as the bid form, is binding on acceptance by
FHA and requires closing within 60 days. The right is
reserved to reject any or all bids and to waive any informality
in any bid. If an acceptable bid pursuant to
this advertisement is not received on the RETURN DATE
in any instance, FHA will consider the first bid meeting
the requirements specified herein if received within 90
days following the bid opening date as indicated herein.
BIDDING INSTRUCTIONS
MUST BE OBTAINED FROM
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
FEDERAL HOUSING ADMINISTRATION
PROPERTY DISPOSITION DIVISION
WASHINGTON, D. C. 20411
218558-P HUD-Waah., D. C.
Reproduced from the manuscript collections at Boise State University Library
Len B. Jordan Collection MSS 6. Box 156, Folder 28
This material may be protected by copyright law (Title 17 U.S. CODE).
