About This Property
Owner financing: $99 down plus a $195 document fee. Financed price $9,975. Term options: 1 year at 0% ($823/mo); 2 years at 9% ($451.18/mo); 3 years at 9% ($314.05/mo); 5 years at 9% ($205.01/mo); 7 years at 9% ($158.90/mo). Pay-in-full price: $8,977 (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 west of the Manzano Highway, nearer Belen. They are less than 300 yards from the intersection of Sherrod Boulevard and De Haan Loop. Sherrod Boulevard connects Highway 47 to the Manzano Expressway. To the south is the Chamesa development, to the southwest are the Rio Communities, and north of those is the La Merced Elementary School. 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 these properties as an investment stocking stuffer. Property for sale in this area has been getting investor interest, and you can still buy these now while they are still cheap land. Prices will inevitably go up. 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. You can use these properties for occasional camping and RVing while holding them for investment. Or you can combine them into a single property and apply for a building permit. Utilities have not yet been run into this area, for now it is off grid. NOTE FOR INVESTORS: We have no special or insider knowledge of the area.
Location
Rio Del Oro Investors, Unit 48 Block 33 Lots 40,41,42, 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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