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213 Palmer Street, Rives Junction, MI 49277

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

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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 veronicaramos.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

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: Veronica Ramos
Agent Phone: Cell: (419) 819-6982
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.

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Estimated Payment

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

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided 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. Information on this site was last updated 05/23/2026. The listing information on this page last changed on 05/23/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sat 05/23/2026 12:01:48 AM EST) or MichRic (Michigan Regional Information Center) (last updated Fri 05/22/2026 11:17:58 PM EST) or Metrolist - RECOLORADO by MLSGRID (last updated Fri 05/22/2026 11:34:30 PM EST) or NIRA MLS (last updated Fri 05/22/2026 11:04:54 PM EST) or RealComp MLS (last updated Fri 05/22/2026 11:45:55 PM EST) or Dayton MLS (last updated Fri 05/22/2026 11:46:45 PM EST) or NORIS MLS (last updated Fri 05/22/2026 11:14:38 PM EST) or IRES MLS (last updated Fri 05/22/2026 11:47:09 PM EST) or Colorado Real Estate Network IDX (last updated Fri 05/22/2026 7:07:08 PM EST) or CBRMLS (last updated Fri 05/22/2026 11:59:50 PM EST) or Multiple Listing Service of Greater Cincinnati (last updated Fri 05/22/2026 11:53:31 PM EST) or Terrehaute MLS (last updated Fri 05/22/2026 11:56:20 PM EST) or elevate MLS (last updated Sat 05/23/2026 12:00:21 AM EST) or Stellar MLS (last updated Fri 05/22/2026 11:45:04 PM EST) or NKY MLS (last updated Fri 05/22/2026 11:28:26 PM EST) or Wrist MLS (last updated Fri 05/22/2026 11:24:20 PM EST) or Firelands MLS (last updated Fri 05/22/2026 11:11:43 PM EST) or LCAR MLS (last updated Fri 05/22/2026 10:50:43 AM EST) or West Central MLS (last updated Fri 05/22/2026 9:51:09 PM EST) or Fort Myers (last updated Fri 05/22/2026 11:04:44 PM EST) or Aspen/Glenwood Springs MLS (last updated Fri 05/22/2026 9:30:54 PM EST) or Northern Nevada Regional MLS (last updated Fri 05/22/2026 11:56:57 PM EST) or MLS NOW (last updated Fri 05/22/2026 11:57:32 PM EST) or Northern Great Lakes Association of Realtors (last updated Fri 05/22/2026 11:49:15 PM EST) or Mansfield MLS (last updated Fri 05/22/2026 11:47:15 PM EST) or Metropolitan Indianapolis Board of Realtors (last updated Fri 05/22/2026 11:51:36 PM EST) or Grand Junction MLS (last updated Fri 05/22/2026 11:37:12 PM EST) or Knox County MLS (last updated Fri 05/22/2026 11:08:23 PM EST) or IRMLS (last updated Fri 05/22/2026 11:12:15 PM EST) or Pueblo MLS (last updated Fri 05/22/2026 11:43:56 PM EST) or Upper Peninsula MLS (last updated Fri 05/22/2026 11:10:09 PM EST) or Greater Lansing MLS (last updated Fri 05/22/2026 10:35:38 PM EST) or SEBAR MLS (last updated Fri 05/22/2026 11:39:22 PM EST) or Water Wonderland MLS (last updated Fri 05/22/2026 10:52:40 PM EST) or Eastern Upper Peninsula MLS (last updated Fri 05/22/2026 11:59:24 PM EST) or Scioto Valley MLS (last updated Fri 05/22/2026 10:02:45 PM EST) or Northern Michigan MLS (last updated Fri 05/22/2026 9:34:42 PM EST). Real estate listings held by brokerage firms other than Key Realty may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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