1-Acre Lot in Rio Del Oro, NM

About This Property

Owner financing: $99 down plus a $195 document fee. Financed price $9,175. Term options: 1 year at 0% ($756.33/mo); 2 years at 9% ($414.63/mo); 5 years at 9% ($188.40/mo); 8 years at 9% ($132.97/mo). Pay-in-full price: $8,257 (10% cash discount). Per the seller, no business or commercial use is allowed while the property is under a loan contract. Although these four great adjoining lots are in a beautiful secluded area, they are less than a mile from the Manzano Expressway. They all have frontage on platted Lindblade Street and Lot 1 is on the corner with Ann Avenue. They are less than 400 yards from Fairbanks Boulevard, and that boulevard comes directly from the Manzano Expressway. There are no home owners association (HOA) or property owners association (POA). You will be off grid, utilities have not yet been run into this area. Nearby roads have probably not been driven in a long time. If you are going to build, you will probably clean them up. You can combine these four lots into one large property if you want to apply for a building permit and build your dream home. Or you can choose to occasionally use them for camping while holding them for investment. You will enjoy great views of the Manzano Mountains and be within easy distance of the natural wonders of the mountains and the Cibola National Forest. Belen is about 6 miles away, Los Lunas is about 8 miles away. Cheap land is becoming harder to find. Buy now before the price inevitably goes up.

Location

Rio Del Oro, Unit 11 Block 33 Lots 1,2,3,4, 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.