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Listed by Celeste Faraola Perie • Schooner Realty, DRE#01077450
$ 1,299,000
Est. payment | /mo
66.28 Acres Lot
$ 1,299,000
Est. payment | /mo
66.28 Acres Lot
Key Details
Property Type Vacant Land, Commercial
Sub Type Commercial Agricultural Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82006514
Lot Size 66.280 Acres
Property Sub-Type Commercial Agricultural Land
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 Prunedale, Elkhorn, Moss Landing
Zoning agriculture
Exterior
Fence Other
Utilities Available Public Utilities
Building
Lot Description Agricultural Use, Grade - Mostly Level
Sewer Sewer Connected
Water Well
Others
Tax ID 207-011-028-000
Horse Property Possible
Special Listing Condition Not Applicable
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Eduardo Huerta And Lizzeth Flores
REALTOR®, Mortgage Loan Originator, Broker-Owner | Lic# Ed: 1391479