213 Palmer Street, Rives Junction, MI 49277

$399,000
  • 213 Palmer Street, Rives Junction, MI 49277 Main Photo

60 Total Photos [Click to View All]

New to the Market Active
BEDS0 BATHS MLS#26024290
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONPalmers Plat of Rives Junc SCHOOLNorthwest

Property Description

RURAL DUPLEX INVESTMENT WITH STRONG CASH FLOW AND SELLER LEASEBACK OPPORTUNITY - Turnkey rural duplex offering diversified rental income, outbuildings, and a built-in tenant via a sale-leaseback structure below current appraised value. This is a rare chance to acquire income-producing real estate with an agreed 36 month buy-back that targets a strong return on capital.Property And Unit Details¢ Unit 1: Currently rented at $2,500 per month, featuring 4 bedrooms, 2 bathrooms, a finished basement, and an on-site pole barn for storage, vehicles, or equipment - ideal for an owner-occupant or high-quality long-term tenant.¢ Unit 2: Currently rented at $650 per month, offering 2 bedrooms, 1 bathroom, and a kitchenette area, perfect for steady supplemental income or multi-generational living.¢ Rural setting provides privacy and a country feel while still within reasonable access to nearby towns, services, and employment corridors.¢ The seller is specifically seeking an investor to complete a sale-leaseback transaction, selling the property and leasing it back to continue occupancy and operations. The property will be conveyed under current appraised value, creating immediate equity for the purchaser and supporting a compelling projected yield, especially with the agreed 36 month buy-back component.Investment Highlights* Strong in-place rent roll from two units with different price points, reducing vacancy risk and supporting consistent monthly cash flow. Sale-leaseback structure keeps a committed tenant in place from day one, minimizing downtime and turnover costs for the investor. Contracted 36 month buy-back arrangement is designed to deliver a heavy return on investment over a defined hold period, making this an attractive option for investors seeking predictable exit timing.

213 Palmer Street | MLS# 26024290

This multi-family property located at 213 Palmer Street, Rives Junction, MI 49277 is currently listed for sale with an asking price of $399,000. Palmer Street is located within the Northwest school district. Search Rives Junction real estate on harryschmitz.ikeyrealty.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Full
Cooling: Central Air
Heating: Forced Air
Lot Size: 0.63 Acres
Roof Type: Other, Composition
Taxes: $5,610
Year Built: 1900

Feature Descriptions

Days on Site: 1
Exterior: Brick, Vinyl Siding
Laundry: Laundry Room, Main Level
Lot: Level
Lot Dimensions: 66x238
Owner Pays: None
Parcel Number: 000-03-17-303-002-02
Parking: Aggregate, Driveway
Parking Total: 25
Road Surface: Paved
Sub Type: 2 to 4 Units
Tenant Pays: Electric, Trash, Sewer, Gas
Units: 2
Utilities: Cable Available, Phone Connected, Natural Gas Connected, Electricity Connected
Water: Private Water, Well

Local Schools

School District: Northwest

Listed By / Shown By

Listed By

Agency Name: Coldwell Banker Beiswanger Realty Group
Agent Name: Doug Beiswanger
Agency Phone: 517-435-1500

agent picture

Shown By

Agent Name: Harry Schmitz
Agent Phone: Cell: (419) 356-3541
Agency Title: Key Realty

IDX logoThe property comes from the Member MLS's of the Michigan Regional Information Center, LLC (MichRIC). Copyright 2026 Michigan Regional Information Center, LLC (MichRIC). All rights reserved. Information deemed reliable, but not guaranteed. Data Last Updated 05/23/2026.

Estimate Your Payment

Estimated Payment

$ 2,815.77 per month $2,231.89 Principal & Interest $467.50 Property Tax $116.38 Homeowner's Insurance

Change Payment Information

%
years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)

Login to My Homefinder

Pixel