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Heather Penko

heatherpenko@simplihom.com +1(951) 595-9385

$ 1,299,000

Est. payment -/mo

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Active

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

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Celeste Faraola Perie Schooner Realty #01077450

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+1(951) 595-9385

heatherpenko@simplihom.com