This 1.13-acre undeveloped lot, located at TBD Angus Rd SE, Block 4, Lot 8, in Deming, New Mexico, presents a unique opportunity. Situated in the L Lazy V Estates subdivision, this property offers a blend of seclusion and convenience. Enjoy breathtaking mountain and desert views while remaining close to Deming's amenities. The lot boasts easy access to city water (Deming City Water) and electricity (PNM Electric), both readily available at the street. Buyers should note that other utilities, such as septic and propane, will require individual installation. A significant advantage is the absence of homeowners associations (HOAs) or restrictive covenants, codes, and restrictions (CC&Rs), providing flexibility for development. Furthermore, the seller is offering attractive seller financing options, simplifying the purchase process. This property, located in Luna County, zip code 88030 (latitude 32.2644673, longitude -107.6871011), is priced at $18,500 and represents an excellent investment opportunity for those seeking a peaceful, buildable lot in a desirable location. Don't miss this chance to own a piece of the New Mexico landscape.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.