1202 Castroville RD, Salinas, CA 93907
- $1,299,000
- List Price
- $1,299,000
- Price Change
- ▼ $13,344 1781308595
- MLS#
- ML82006514
- Status
- ACTIVE
- Property Type
- com
- Lot Size
- 2,887,156
- Listing Area
- Prunedale, Elkhorn, Moss Landing
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.
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Additional Information
- Acres
- 66.28
- Development Status
- Farm Land
- Fence
- Other
- Lot Description
- Agricultural Use, Grade - Mostly Level
- Lot Size
- 2,887,156
- Neighborhood
- Prunedale, Elkhorn, Moss Landing
- Other Utilities
- Public Utilities
- Parcel Access
- Unpaved Road
- Present Use
- Agricultural
- Sewer
- Sewer Connected
- Unincorporated Yn
- Yes
- Zoning
- agriculture
Mortgage Calculator
Listing courtesy of Celeste Faraola Perie from Schooner Realty. 831-239-4646
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