213 Palmer ST, Rives Twp, MI 49277
213 Palmer ST, Rives Twp, MI 49277
213 Palmer ST, Rives Twp, MI 49277
60
See all 60 photos
$399,000
Est. payment /mo
Save Virtual Tour
0.63 Acres Lot
Active

213 Palmer ST Rives Twp, MI 49277

Save Virtual Tour
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
James Gillen

James Gillen

+1(248) 935-2309

UPDATED:

Key Details

Property Type Multi-Family

Sub Type MultiFamily

Listing Status Active

Purchase Type For Sale

Subdivision Palmer'S Plat Of Rives Junc

MLS Listing ID 55026024290

Year Built 1900

Lot Size 0.630 Acres

Acres 0.63

Property Sub-Type MultiFamily

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 tocomplete 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.

Location

State MI

County Jackson

Area Area12031Rivestwp

Rooms

Basement Full

Interior

Heating Forced Air, Natural Gas

Cooling Central Air

Fireplace No

Laundry LaundryRoom, MainLevel

Exterior

Parking Features Aggregate

Utilities Available ElectricityConnected, NaturalGasConnected, PhoneConnected

View Y/N No

Roof Type Composition, Other

Building

Lot Description Level

Sewer Public Sewer

Water Private, Well

New Construction No

Schools

School District Northwest

Others

Acceptable Financing Cash, Conventional, Trade1031Exchange

Listing Terms Cash, Conventional, Trade1031Exchange

Special Listing Condition Standard

Realcomp MLS
©2026 Realcomp II Ltd. Shareholders
Listed by Doug Beiswanger of Coldwell Banker Beiswanger Realty Group

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

James Gillen

James Gillen

Broker License ID: 650345538

+1(248) 935-2309

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of Liberty Way Realty, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

 I agree to be contacted by Liberty Way Realty via call, email, and text for real estate services. To opt out, you can reply 'stop' at any time or reply 'help' for assistance. You can also click the unsubscribe link in the emails. Message and data rates may apply. Message frequency may vary

Go tour this home

213 Palmer ST

QUICK SEARCH