About This Property
Owner financing: $99 down plus a $195 document fee. Financed price $6,975. Term options: 1 year at 0% ($573/mo); 2 years at 9% ($314.13/mo); 3 years at 9% ($218.65/mo); 4 years at 9% ($171.11/mo); 6 years at 9% ($123.94/mo). Pay-in-full price: $6,277.50 (10% cash discount). Per the seller, no business or commercial use is allowed while the property is under a loan contract. These three great adjoining lots are only about a mile from the Manzano Expressway. They are at the end of the cul-de-sac of platted Ellet Street, and there is a platted walkway in back of Lot 1. You can leave these properties as they are to hold for investment while you occasionally camp or RV on them. Or you can legally combine them to have a single 0.75 acre property, big enough to apply for a building permit. Cheap land is increasingly difficult to find. Buy now before the price inevitably increases.
Location
Rio Del Oro, Unit 12 Block 31 Lots 1,2,3, Valencia County, NM
Outline shown is about 0.8 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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