$399,000
213 Palmer Street
Rives Junction, MI, 49277
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 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 Details
Price:
$399,000
MLS #:
26024290
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
2 to 4 Units
Subdivision:
Palmer’s Plat of Rives Junc
Listed Date:
May 22, 2026
Lot Size:
27,443 sqft / 0.63 acres (approx)
Year Built:
1900
Schools
School District:
Northwest
Interior
Cooling
Central Air
Heating
Forced Air
Laundry Features
Laundry Room, Main Level
Exterior
Construction Materials
Brick, Vinyl Siding
Lot Features
Level
Parking Features
Aggregate, Driveway
Parking Spots
25
Parking Total
25
Roof
Other, Composition
Financial
Tax Year
2025
Taxes
$5,610
Mortgage Calculator
Map
Current real estate data for Single Family in Rives Junction as of May 31, 2026
7
Single Family Listed
36
Avg DOM
214
Avg $ / SqFt
$400,957
Avg List Price
Community
- Address213 Palmer Street Rives Junction MI
- SubdivisionPalmer’s Plat of Rives Junc
- CityRives Junction
- CountyJackson
- Zip Code49277
Subdivisions in Rives Junction
Similar Listings Nearby
Property Summary
- Located in the Palmer’s Plat of Rives Junc subdivision, 213 Palmer Street Rives Junction MI is a Single Family for sale in Rives Junction, MI, 49277. It is listed for $399,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 1900. The average price per square foot for Single Family listings in Rives Junction is $214. The average listing price for Single Family in Rives Junction is $400,957.

213 Palmer Street
Rives Junction, MI

