81 Wallner DrVeguita, NM 87062

For Sale
$80,000

Prime 10-acre residential lot; utilities included.

Overview

Added:
Dec 11, 2024
Days on market:
93
Exceptional investment opportunity awaits with this 10-acre residential lot in Veguita, New Mexico. Located at 81 Wallner Dr, 87062, this property (APN 03907000131101) boasts captivating mountain views and is conveniently situated just minutes from the Rio Grande River. Priced at $80,000, this land offers a projected 30% capitalization rate with a pro-forma net operating income of $24,000. The lot is zoned R-1 and features a private well, septic system, and existing electric hookups, eliminating significant upfront development costs. The land value is $0.18 per square foot. Enjoy recreational opportunities such as fishing or horseback riding, taking advantage of the lush greenery and proximity to the river. This turnkey property is ready for immediate development, presenting a compelling return on investment for discerning buyers. Socorro County location provides a peaceful setting while remaining conveniently accessible. Don't miss this chance to own a piece of New Mexico's natural beauty.

Highlights

  • $80,000 asking price for 10-acre residential land parcel.
  • 30% pro-forma cap rate with a $24,000 pro-forma NOI.
  • R-1 zoning.
  • Located at 81 Wallner Dr, Veguita, NM 87062 (APN: 03907000131101).
  • Includes existing well, septic, and electric hookups.

Property Details for 81 Wallner Dr

Property type
Other land, Land
Lot Size (sq. ft)
435,600 SF

Location Insight

City
Veguita
County
Socorro
State
New Mexico
Latitude
34.4623589
Longitude
-106.766316
81 Wallner Dr, Veguita, New Mexico

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81 Wallner Dr
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