213 Palmer Street Rives Junction, MI 49277
Source MLS VerifiedListing Courtesy of: MichRic / Listed By: Douglas Beiswanger, Coldwell Banker Beiswanger Realty Group

  213 Palmer Street Rives Junction, MI 49277

Active (2 Days)
$399,000 (USD)

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.

MLS #:
26024290
Taxes
$5,610
Lot Size
0.63 acres
Type
Multifamily
Year Built
1900
County
Jackson County

Listed By

Douglas Beiswanger, Coldwell Banker Beiswanger Realty Group
Source
MichRic
Last checked May 25 2026 at 4:01 AM GMT+0000
Bathroom Details
Lot Information
  • Level
Heating and Cooling
  • Forced Air
  • Central Air
Basement Information
  • Full
Exterior Features
  • Vinyl Siding
  • Brick
Parking
  • Driveway
  • Aggregate
Location
   
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Disclaimer: Copyright 2026 Michigan Regional Information Center (MichRIC). All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 5/24/26 21:01