81 Wallner Dr Veguita, NM 87062

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.