Situated in the small area of Torrance County that sits north of the highway, this five acre property is a particularly enviable lot not only because of its position in the I-40 corridor, or because of its easy access to Albuquerque, but because it comes already fenced on three sides and sits in a residential neighborhood with easy access to power lines throughout the land. In fact, one of the nice things about this area is that you sit close to Santa Fe County and benefit from the well maintained roads and omnipresent utilities found in that region, without being subjected to the higher property taxes common for that county.
These lush five acres are the perfect place to build a home and raise a family. If you work in Albuquerque this is an easy thirty minute all-highway commute, and if you have kids, this property puts you in the heart of the Moriarty School District. Looking for a place to retire? This property is perfect for you as well. It sits in a secluded, small town community which remains warm (average 60’s and above) for nine months of the year. And if you’re relocating from the north, the other three months will be a breeze. Plus, this less expensive setting means your retirement savings will go a lot further than in other more expensive areas of the southwest.
The Torrance County Assessor places the Market Value of this property at $15,800, meaning at twice the price it is still well below local market prices. Purchase for $6,000 and resell for $12,000 and you’ll likely be able to flip this property and double your money within six months time.
|Best Attribute||Easy Access To I-40|
|APN or Other ID||R000697701|
|Legal Description||SWEETWATER HILLS SUBD LOT 51 SECTION 5|
|Property Type||Rural Land|
|Terrain||Flat With Blue Skies|
|General Elevation (in feet)||6264|
|Power||At lot line|
|Phone||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)||$136.22|