2.5-Acre Lot in Rancho Rio Grande East, NM

About This Property

Owner financing: $99 down plus a $195 document fee. Financed price $5,975. Term options: 1 year at 0% ($489.67/mo); 2 years at 9% ($268.44/mo); 6 years at 9% ($105.92/mo). Pay-in-full price: $5,377 (10% cash discount). Per the seller, no business or commercial use is allowed while the property is under a loan contract. This is a large approximately 2.5 acre property. Lot 229 is in the very southern part of Unit 14E. You will have fantastic views of the nearby Manzano Mountains. You will have the natural wonderland of the mountains to explore, as well as the legendary Cibola National Forest. This is a very pretty and secluded area where the main activity is ranching. And yet you will only be about 2.5 miles from the Manzano Expressway. Valencia High School is less than 3 miles away. There are no Property Owners Association (POA) or Home Owners Association (HOA). Zoned PD (Planned Development). This zoning usually implies some flexibility, creativity, and mixed uses for the property are allowed. Contact Valencia County at 505-866-2050 with any land usage questions. You can live your off grid dreeam here, or you can choose to just use the property to RV and camp (Up to 30 days per year) while holding it for investment. ! Buyer Note No business or commercial activity of any kind is allowed involving a property under loan contract. Any plans you might have of a commercial nature must wait until the property is paid for in full and ownership has been transferred to you.

Location

Rancho Rio Grande East, Unit 14E, Lot 229, Valencia County, NM

Owner Finance Terms

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YourCheapLand is a family-owned business specializing in undeveloped land in the American Southwest, with lots in Arizona, New Mexico, Texas, Utah, Colorado and Oklahoma. Owner financing is what they are best known for: most lots can be bought with $99 down, with terms from 1 year at 0% to longer terms at 9%. The land suits off-grid homesteads, cabins, tiny homes, RVs, camping, hunting and recreation. Contact Mike and Samantha for details on any property.