About This Property
Owner financing: $99 down plus a $195 document fee. Financed price $23,960. Term options: 1 year at 0% ($1,988.42/mo); 3 years at 9% ($758.77/mo); 5 years at 9% ($495.32/mo); 7 years at 9% ($383.90/mo); 9 years at 9% ($323.15/mo); 11 years at 9% ($285.40/mo); 13 years at 9% ($260.01/mo). Pay-in-full price: $21,564 (10% cash discount). Per the seller, no business or commercial use is allowed while the property is under a loan contract. Unit 40 is in the middle area of the subdivision. Its north side runs along the northern leg of the Rio Del Oro Loop, and its south side runs along the southern leg of the Rio Del Oro Loop. The Rio Del Oro Loop is the main road through the subdivision. Also, the east side of the unit runs along Military Road. This is a tremendous group of 8 side-by-side lots, totaling approximately 2 acres, that are less than 400 yards from the Rio Del Oro Loop. They have frontage on platted Speer Street.
Location
Rio Del Oro Commercial, Unit 40 Block 54 Lots 24,25,26,27,28,29,30,31, Valencia County, NM
Outline shown is about 2.3 acres. Approximate boundaries from GIS or the seller, not a survey. Get a survey before you build or fence.
Owner Finance Terms
Owner finance agreements are subject to state and local laws. Always consult a licensed real estate attorney in NM before signing any agreement.
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