2311 Criss Rd SW, Albuquerque, NM 87105

An original adobe home in the South Valley. Large lot spans all the way from Criss to Jerry Rd. There's room to build an additional residence or bring in a mobile or modular home. This listing is for beneficial interest in an assignable contract for 4 developable properties in a rapidly growing market with high demand. More than 2311, 2315, 2316 and 2320 are all available. For all 4 parcels: Assignment Opportunity – South Valley Adobe Compound (4 Parcels) Rare opportunity to acquire four adjacent parcels in Albuquerque’s South Valley, located near Tapia, Bridge Blvd, Isleta Blvd, and the Rio Grande. This offering is well-suited for investors seeking a value-add residential project with multiple structures and flexible use potential. Primary Residence (Parcel 1) Situated on approximately 0.58 acres, this adobe home offers about 2,000 square feet of living space, including 2 bedrooms and 1 bathroom. The property also includes an attached unit with private entry and a 3/4 bath, suitable for extended living or rental use. The home features a metal roof and crawl space. Utilities: PNM electrical service is currently active. Water service is available for reconnection (buyer to verify process and costs; a $500 utility fee has been indicated). Natural gas will require inspection and permitting through Bernalillo County. Additional Parcels across the street: Parcel 2: 0.42 acres with utilities in place – $95,000 plus $10,000 assignment fee Parcel 3: 0.21 acres with utilities in place – $70,000 plus $10,000 assignment fee Next to the 2000ft home there are Adjacent Large Structures on (Parcel 4) Located on approximately 0.58 acres, this property includes an estimated 5,000 square feet of improvements. The layout consists of a 3-bedroom, 2-bath main home, an upper-level apartment with separate living area, and two additional 2-bedroom, 1-bath units in an outbuilding. Utilities have been inactive for several years but we're active and the home was livable at the time they were disconnected; full condition and systems to be verified by buyer. Pricing Primary residence: $190,000 + $10,000 assignment fee Large structure parcel: $230,000 + assignment fee Plus lots with utilities $165,000 + assignment fees. Total for all four parcels: $625,000 plus applicable assignment fees. Terms: This is an assignment of contract. Buyer will assume the assignor’s position and close directly with the seller through the title company of their choosing. Buyer to perform all due diligence, including title, zoning, utilities, and property condition. Seller financing may be available as a short-term bridge on a portion of the purchase price; terms to be confirmed. Example terms provided indicate 2.5% monthly interest, intended for short-duration use prior to refinance. Zoning and Use: Properties are located in a rural residential area. Potential for additional residential use or redevelopment should be independently verified with Bernalillo County, New Mexico.