213 Palmer Street
Rives Junction, Michigan 49277
6
Bed
0
Bath
0.63Acre(Lot)
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
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Interior Features
Laundry Facility Roof: Composition,Other -
Heating & Cooling
Cooling: Central Air Heating: Forced Air Heating Fuel: Natural Gas
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Building Information
Year Built: 1900 Total Units: 2 Roof: Composition,Other -
Utility Features
Sewer: Sewer (Sewer-Sanitary) -
Water
Other,Well (Existing)
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Lot Information
Lot Size: 0.63 Lot Dimensions: 66x238 Frontage Feet: 198 -
Property Information
Subdivision: Palmer's Plat of Rives Junc Financing: Cash,Conventional,Trade/Exchange
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Listing Price Information
Original List Price: $399,000 -
Listing Information
Possession: Subject To Tenant Rights Legal Description: LOTS 16 AND 17 ALSO THE S 10 FT OF THE W 24 FT OF LOT 18 ALSO LOT 19 EXCEPT THE S 8.16 FT THEREOF OF PALMER'S PLAT OF RIVES JUNCTION; SPLIT ON 09/17/2008 FROM 000-03-17-303-002-01;
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Tax Information
Annual Tax: $5,610 Parcel Number: 000031730300202Possession
Subject To Tenant RightsLegal Information
Legal Description: Section: LOTS 16 AND 17 ALSO THE S 10 FT OF THE W 24 FT OF LOT 18 ALSO LOT 19 EXCEPT THE S 8.16 FT THEREOF OF PALMER'S PLAT OF RIVES JUNCTION; SPLIT ON 09/17/2008 FROM 000-03-17-303-002-01;
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Virtual Tour
Parking Information
Parking: 25 -
Multi-Unit Information
Road Frontage: Paved -
Unit 2 Information
# of Bedrooms: 1
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School Information
School District: Northwest -
Utility Information
Water: Other,Well (Existing) Sewer: Sewer (Sewer-Sanitary)
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ByOwner last updated this listing 06/22/2026 @ 08:52
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