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$ 1,299,000
Est. payment /mo
Price Dropped by $13K
1202 Castroville RD Salinas, CA 93907
66.28 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82006514
HOA Y/N No
Lot Size 66.280 Acres
Property Description
Martella Home Farm is a 20% Partnership Investment Opportunity. The farm has 66.28 Total Cultivated acres, and the family home, which is rented. Located in 4 separate parcel numbers, it is being offered at 20% ownership. The farm has been long-term leased by a local farmer; the current lease is till 2029. This is not a farming opportunity; this is currently a passive investment opportunity. The other 80% is owned by family members. Discover a remarkable investment opportunity at Martella Home Farm, offering a 20% Partnership Investment in a thriving agricultural setting. The unique opportunity allows you to acquire a 20% ownership stake in this tranquil haven, currently leased long-term to a reputable local farmer, ensuring consistent income through 2029. This investment is specifically designed as a passive income opportunity, not a farming venture, making it an ideal choice for those looking to diversify their portfolio. The current five owners are motivated to sell due to an over-dilution of ownership stemming from family circumstances, presenting a rare chance for you to take part in this unique family legacy. With income distributions occurring biannually, you can enjoy a steady return on your investment.
Location
State CA
County Monterey
Area 699 - Not Defined
Zoning agriculture
Interior
Fireplace No
Exterior
Present Use Agricultural
Building
Water Well
Schools
School District Other
Others
Tax ID 207011028000
Listed by Celeste Faraola Perie Schooner Realty #01077450
NEARBY SCHOOL & BUSINESS