1.39-Acre Lot in Rio Del Oro Investors, NM

About This Property

Owner financing: $99 down plus a $195 document fee. Financed price $16,975. Term options: 1 year at 0% ($1,406.33/mo); 2 years at 9% ($770.98/mo); 5 years at 9% ($350.32/mo); 8 years at 9% ($247.24/mo); 10 years at 9% ($213.78/mo). Pay-in-full price: $15,277 (10% cash discount). Per the seller, no business or commercial use is allowed while the property is under a loan contract. This is an exciting group of three adjoining lots. They are about a mile west of the Manzano Expressway and less than a mile east of the Adelino Development. Las Maravillas is to the north. Lot 36 has frontage on De Haan Loop, just over half a mile from the intersection of De Haan Loop and Rio Del Oro Loop. The intersection of Fairbanks Boulevard and De Haan Loop is about a mile away. All three lots have frontage on the platted Mahon Court cul-de-sac, and lot 34 is a corner lot with Ancu Lane. The University Of New Mexico Valencia campus is a bit more than a mile away. Valencia Middle School is less than 2 miles away. Desert View Elementary School is less than 2.5 miles away. Valencia High School is just over 3 miles away. Highway 47 is less than 2 miles away to the west. In addition to their tremendous location with big potential, these are very large lots! In this area 0.25 acre is the typical lot size. Lot 34 is approximately 0.5 acre, Lot 35 is 0.4 acre, and Lot 36 is 0.49 acre. You can combine these lots to have a huge approximately 1.39 acre property! Whether you plan to use these properties as an occasional place to RV while you hold them for investment or whether you want to build your dream homestead, you should buy now. Cheap land is harder and harder to find, make your move now before the price inevitably goes up.

Location

Rio Del Oro Investors, Unit 61 Block 45 Lots 34,35,36, 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.