Are you looking for something you can live on, or something you can turn into a serious investment? Property has irrigation rights through MRGCD,Because this one gives you both. You have over 5 acres in Los Lunas, and the positioning is what makes it stand out. The property backs up to commercial, which opens the door to rezoning or a mixed use play. You are not stuck with one path here.Now think about this from a development angle. A sewer line runs through the middle of the property. That changes everything. It gives you the ability to subdivide into multiple lots, up to 20 plus depending on layout and approvals. That is where investors start paying attention.You could take it further. Build commercial on the ground level and residential above. Small retail, office, or service use below,
Listed By
Agency Name: Equity New Mexico
Agency Phone: (505) 271-2228
Shown By
Agency Title: Coldwell Banker Legacy
Agency Phone: (505) 865-5500
Estimated Payment
$ 2,438.69 per month $2,112.06 Principal & Interest $49.83 Property Tax $276.79 Homeowner's Insurance
1604 Juan Perea Road | MLS# 1101420
This single family home located at 1604 Juan Perea Road, Los Lunas, NM 87031 is currently listed for sale with an asking price of $949,000. This property was built in 1959 and has 3 bedrooms and 2 full baths with 900 sq. ft. Juan Perea Road is located in the Lands Of Henry Perea subdivision. Search Lands Of Henry Perea real estate on www.cblegacy.com today.