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: $2,227.50 (10% cash discount). Per the seller, no business or commercial use is allowed while the property is under a loan contract. Wow, 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 up this property as an investment stocking stuffer. Investment property for sale in this area has been getting interest, this is one that you can buy now at what is still a reasonable price. This approximately 0.25 acre property is less than 100 yards from the Manzano Expressway, and the power lines are on the same side of the highway as this property. Lot 10 is located on a platted cul-de-sac. 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. The properties that we tag with "investor" are in areas near existing development and/or in areas where we have been seeing interest from land investors. However we are not financial consultants, you must do your own due diligence. Cheap land of this high quality is becoming more difficult to find. Buy now before the price inevitably goes up. 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. Additional Notes Investor
Location
Rio Del Oro Investors, Unit 13, Block 56, Lot 10, Valencia County, NM
Outline shown is about 0.3 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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