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. This large approximately 0.5 acre lot was originally intended to be for a multi family residence. It is located in Unit 43, in the middle area of the Rio Del Oro. It is less than half a mile from the Rio Del Oro Loop, the major road through the subdivision. It's a little over 1.5 miles east of Valencia High School. You can camp or RV while vacationing here, enjoying the tremendous view of the Manzano Mountains. Meanwhile you can hold the property for investment. Cheap land is becoming increasingly 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.
Location
Rio Del Oro, Unit 43, Block 12, Lot 4, Valencia County, NM
Outline shown is about 0.4 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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