1202 Castroville RD, Salinas, CA 93907
1202 Castroville RD, Salinas, CA 93907
1202 Castroville RD, Salinas, CA 93907
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$1,299,000
Est. payment /mo
66.28 Acres Lot
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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

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Listed by Celeste Faraola Perie Schooner Realty #01077450

NEARBY SCHOOL & BUSINESS

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