0.27-Acre Lot in Rio Del Oro Investors, NM

About This Property

Owner financing: $99 down plus a $195 document fee. Financed price $5,975. Term options: 1 year at 0% ($489.67/mo); 2 years at 9% ($268.44/mo); 4 years at 9% ($146.22/mo); 6 years at 9% ($105.92/mo). Pay-in-full price: $5,377 (10% cash discount). Per the seller, no business or commercial use is allowed while the property is under a loan contract. This property would be great for occasional RV layovers and mini-vacations. It is located along Bonita Vista Boulevard, about 1/4 mile south of the El Cerro Mission development and just over 1/2 mile north of the high school. One of the new solar farms is across the road. The intersection with the Rio Del Oro Loop is less than 1/4 mile to the south. From there you can go east to the Manzano Mountains, or west to Belen or Los Lunas. You can take the passenger train from Belen to Albuquerque in well under an hour, and have a great day trip without having the hassle of a car. You can also continue on to Santa Fe. You can RV on the property for up to 30 days per year. This can be your base for local adventures when you visit the area. Meanwhile you will be holding the property for investment. 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 quality is increasingly hard to find. Buy now before the price inevitably goes up.

Location

Rio Del Oro Investors, Unit 18, Block 42, Lot 8, Valencia County, NM

Owner Finance Terms

Similar Homes in NM

Interested in this home?

Send the seller a direct message to ask questions, schedule a showing, or request terms.

Ownsley is a listing marketplace only. Always consult a licensed attorney before signing any RTO agreement. Learn more →

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.