0.25-Acre Lot in Rio Del Oro Investors, NM

About This Property

Owner financing: $99 down plus a $195 document fee. Financed price $2,475. Term options: 1 year at 0% ($198/mo); 2 years at 9% ($108.55/mo). Pay-in-full price: $2,227 (10% cash discount). Per the seller, no business or commercial use is allowed while the property is under a loan contract. if you are one of the many people becoming excited at the activity in the Los Lunas and Belen area lately, you might want to grab this property as an investment stocking stuffer. Property for sale in this area has been getting investor interest, and this is one that you can buy now at what is still a reasonable price. It's not quite close enough to the big developed areas to have had its price skyrocket yet. Lot 28 sits along Kraft Court, about 102 yards from the Manzano Expressway and 80 yards from power. To the north is the Las Maravillas development. A nice compound has been built about 304 yards north of Lot 28. The intersection of the Manzano Expressway and Rio Del Oro Loop is half a mile north along the Expressway. This area Is now poised to explode! Facebook's new multi-billion dollar data center complex in Los Lunas opened in 2019. Four buildings are already complete, two more are under construction, and $40 billion in construction bonds have been issued so that another six buildings can be added. In February 2025 YourCheapLand prepared a summary of recent business activity. You can read it here. NOTE FOR INVESTORS: We have no special or insider knowledge of the area. However In our listings we have added "Investor" next to properties that we think might be of particular interest to people who are excited about area growth and looking for investment.

Location

Rio Del Oro Investors, Unit 9, Block 48, Lot 28, 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.