You can’t beat the size, price and location of this property. At 1.59 acres, this property is above average size and below average price for the Rio Rancho subdivision. Located only a mile away from the Vista Grande Elementary school, you are very close to development. If development continues and property prices rise, this could be a good buy and hold opportunity (please do your own research regarding development and predicted property prices!). Road access may be a little rough. Address: Olsen Rd NE, Rio Rancho NM 87144 County: Sandoval City: Rio Rancho State: New Mexico Zip: 87144 APN: R133312 Acreage: 1.59 acres Price: $4,500 Property Type: Vacant Zoning: Residential Terrain: Flat Elevation: 5465 ft Best Attribute: Location, Easy Access, Close to Major City of Albuquerque Legal Description: LEGAL: SUBD: RIO RANCHO ESTATES BLOCK: 88 LOT: 21 UNIT: 20 Power: Buyer verify Phone: None Water: Buyer verify Sewer: Would need to install septic Roads: Dirt road Time to Build: None Title Information: Clear Title Annual Property Taxes (approx.): $48.44 – 2019 HOA/ Misc Fees: None General Location/Directions: Just west of Rio Rancho GPS Coordinates (refer to reference picture): NW: 35.339097, -106.627737 WE: 35.338962, -106.627129 SE: 35.337911, -106.627635 SW: 35.338006, -106.628069 Document Fee: $100 (covers everything needed to get the property into your name) Terms: Cash only
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
