LKV Realty
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$399,000
$1,900Reward *
213 Palmer Street, Rives Junction, MI 49277Listing ID 26024290

213 Palmer Street, Rives Junction, MI 49277

Active
Palmer's Plat of Rives Junc
Time on site: 86 daysLast updated: May 22, 2026
Property Type
Property Type
Multi Family
Property Sub Type
Property Sub Type
2 to 4 Units
Acres
Acres
0.63
Days on Site
Days on Site
85
Cooling
Cooling
Central Air
Heating
Heating
Forced Air
Year Built
Year Built
1900
Parking
Parking
Aggregate

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.

Property Information

Property Details

Location

Address
213 Palmer Street
County
Jackson
City
Rives Junction
Zip Code
49277
Subdivision
Palmer's Plat of Rives Junc
School District
Northwest

Interior Features

Other Rooms

Laundry Features
Laundry Room, Main Level

Building

Building Information

Year Built
1900
Construction
Brick, Vinyl Siding
Roof
Composition

Property Taxes

Tax Annual Amount
$5,610
Tax Year
2025
Doug BeiswangerColdwell Banker Beiswanger Realty Group, (517) 435-1500

Market Report for 49277

* The market data shown is based on available information from Multiple Listing Service (MLS) and/or public records. Data provided is for informational and educational purposes only and may not represent the full housing market. For more accurate information, consumers should consult a certified appraiser or licensed real estate agent.

*Average of $2,150 in rewards is calculated based on the purchase or sale of a home between $400,000 to $449,000. The median home price for all housing types is in the United States is $405,400 as of 2025 as reported by the National Association of Realtors® (NAR). The actual reward amount may vary depending on the purchase or sales price of the home. Please see the Lakeview Home Rewards program terms and conditions for more details. The National Association of Realtors® is a registered trademark of the National Association of Realtors®.

Source: Michigan Regional Information Center, LLC
Michigan Regional Information Center, LLC logo

Information Deemed Reliable But Not Guaranteed. Copyright 2026 MichRIC, LLC. All rights reserved.

For corrections to this data please contact Brytecore MLS Support.

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