Jane Sheppard, a seasoned local news reporter based in North Florida, offers a fresh and engaging perspective on an intriguing real estate development from California. This interesting development involves an entire town for sale, serving as a unique opportunity for potential investors.
A Unique Investment Opportunity in California
In a surprising turn of events, a significant portion of Campo, California, has been listed for sale. The property, placed on the market by Top Gun Commercial Real Estate, spans 16 acres and includes 28 buildings, many of which were constructed in the 1940s. The town is situated about 2 miles from the Mexican border and approximately an hour’s drive east of San Diego.
The listing encompasses a variety of structures, from residential properties to a church, a metal shop, a post office, a lumber yard, and a Border Patrol building. In total, the sale covers more than 62,000 square feet of property. This unique investment opportunity is currently home to about 100 residents, all of whom rent from the current owner.
The Future of Campo
The seller and the residents of Campo hope that the town’s future owner will have a vision for revitalization. According to the listing, the new owner could choose to optimize the land’s density without altering the existing structures, or consider a complete redevelopment to modernize the town.
- 28 residential properties renting from $250 to $1,600 per month
- A church
- A metal shop
- A post office
- A lumber yard
- A Border Patrol building
Furthermore, the location of Campo offers additional appeal. The town’s proximity to San Diego opens up numerous recreational, cultural, and economic opportunities, making it an attractive proposition for long-term investors looking to make a significant impact.
Recurring Income Potential
The new owner can expect to benefit from monthly rents totaling $44,253, providing a steady stream of recurring income. This means that the town could pay for itself in just 149 months!
Originally established during World War II to house soldiers, Campo has the potential to become a thriving community under the right stewardship. This serves as a noteworthy example of how unique real estate investments can emerge in unlikely places.
In conclusion, this is an opportunity for a savvy investor to acquire an entire town with a rich history and a promising future. If managed properly, this could be a profitable venture, while also offering a chance to breathe new life into a historic community.
