About This Home
This 0-bedroom, 0-bathroom commercial at 1202 Castroville RD in Salinas, CA is listed for $1,299,000. on a 66.28 acres lot.
Key Features
- 66.28 acre lot
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.
Monthly Cost Estimate
$6,947/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1202 Castroville RD
Salinas, CA 93907
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 1202 Castroville RD is listed at $1,299,000. The estimated monthly payment is $6,947 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: 66.28 acre lot.
This property is listed by Celeste Faraola Perie and can be reached at 8312394646.
