Rio del Oro, NM 87031 - Valencia County

New Mexico property in Valencia County in a nice platted subdivision near many towns along the Rio Grande River less than an hour south of Albuquerque close to multiple major highways and in up-and-coming area for real estate development! This is an ideal land investment property in a dry climate that does not require investors to deal with maintaining over growing grass and weeds. This raw land is prime for investment surrounded by gorgeous mountain views, community parks, fantastic nature trails, and already flourishing subdivisions!

Land #: L-31071

APN or Assessor Parcel #: 1-017-033-405-265-000140

Legal Description: RIO DEL ORO Lot: 14 Block: 31 Unit: 42

County/State: Valencia County, New Mexico

Size: 0.26 acre

The price of the property is $3,749 with $199 in closing cost and Deed processing fee.

There is also an option to purchase via sellers financing and make monthly installment payments with a $299 down payment and the $199 processing fee.

Then monthly payments are just $99/month at 12.0 % (APR) interest. There are no prepayment penalties, and you can pay the loan down or off at any time saving on or avoiding future interest expense.

Property taxes are pro-rated and added to your monthly payment. Yearly Property Tax= $12 or $1 per month.

images may not be of the actual property.