The Rio Grande Estates is a very large under-developed community. It is just east of the town of Belen and is rapidly becoming a bedroom community to the city of Albuquerque. The main population of the area is along the I-25 corridor and the Rio Grande River. The Rio Communities lie to the east of this main corridor. There are scattered subdivisions throughout this area and there are other areas of no development. There are many nice homes in the already developed areas. These parcels are between the Rio Grande River and the Manzano Mountains. You will be a couple of miles from the Rio Communities Development Area where there are shopping centers, businesses, churches, schools, a senior center, and many homes. You will be only a few miles from the Tierra Del Sol Country Club And Golf Course. Property is level to rolling with native grasses. There are stunning views in every direction. To the east the Manzano Mountains tower over 10,000 feet offering breathtaking views of the Rockies. There are several National Forest and wilderness areas within a short drive. They offer an incredible variety of outdoor activities such as mountain bike riding, hiking, camping, hunting, fishing, canoeing, snow skiing, horseback riding, ATV riding, sightseeing, and just relaxing.
These properties are Rio Grande Estates, Unit O Block 1285 Lots 27, 28, 29, and 30. These are four great adjacent approximately 0.5 acre lots, for a combined approximately 2 acres. Keep them together or separate them as you choose. Power is available to these properties. On their north side they face a service road, and on their south side they have frontage on platted Railroad Avenue, which was graded in long ago but is overgrown since nobody has been driving on it. You can leave it as it is or re-grade it for improved access.
Located along the railway, these lots are about half a mile from existing housing developments. From Highway 34 the service road runs about 1.5 miles to these properties. To come to the properties from the other side, from Highway 47 turn onto Turbine Road, cross the tracks, turn right and you'll be there in about a mile.
You might have immediate plans for these properties, or you might just want to grab them up for investment while the price is still so low.
Whether you occasionally camp and RV while holding them for investment, or whether you decide to build a residence, this is a nice area with great mountain views. Belen and Los Lunas are conveniently nearby. Albuquerque with its great restaurants, art, culture, and shops is within reasonable driving distance or you can catch the Rail Runner Express from Belen and let them do the driving to and from Albuquerque.
With an initial payment of $294 ($99 down payment + $195 document fee) we can finance the balance for as little as $132.97 per month over eight years. Or you can choose to pay in full to enjoy the 10% cash discount.
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