Cash Purchase for $999; Terms Payment for $250 Down + $100 X 16 Months
Sitting just outside Albuquerque, this charming half acre lot will afford its owner the opportunity to be close to all the great nightlife, concerts, events, casinos, museums and national parks that surround the metro area while still providing the type of privacy not typical of the big city. In fact, one of the great benefits of owning a lot like this is that it sits in a still underdeveloped portion of Rio Rancho. With more and more Americans migrating to the sun belt every year, the Albuquerque Metro area is only going to expand with an ever growing need for land and housing to accommodate this upwardly mobile population. Owning a lot in a still growing section of the city affords the buyer – especially at this price – the ability to purchase low then sit back and watch as values appreciate.
Things To Know: This property sits out in Unit 6 which is a little further removed from the developed part of Rio Rancho but not too far back in the really remote regions. This sits about a half mile from the solar array (which you can see in some of the photos – appearing almost like a lake in the background) and has power lines just down the street. The roads are well maintained and there are great views of the Sandia Mountains from here as the property sits on a rise.
|Best Attribute||Low Taxes Great Investment|
|APN or Other ID||R035968|
|Legal Description||SUBD: RIO RANCHO ESTATES BLOCK: 20 LOT: 7 UNIT: 6|
|Property Type||Rural Land|
|Terrain||Flat With Blue Skies|
|General Elevation (in feet)||6148|
|Power||In the area|
|Water||Would be by well or alternative system|
|Sewer||Septic or Alternative System|
|Time to Build||No Limit|
|Title Info||Clear Title|
|Annual Property Taxes (Approx)||$23.86|