213 Palmer St Rives Junction, MI 49277

Building Details

Year Built 1900

Listing Agency: Coldwell Banker Beiswanger Realty Group d***@mirealestatepro.com Show Phone

Listed By: Doug Beiswanger · License #6502425012 Show Phone

Source: Elliman

Added: Jun 1 Changed: Jul 10 Last Checked: Jul 29 at 1:18PM

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Investment Insights

Based on property information with market context.

This rural duplex for sale includes two separate rental units. Unit 1 has four bedrooms, two bathrooms, a finished basement, and is currently rented at $2,500 per month. Unit 2 offers two bedrooms, one bathroom, and includes a kitchenette area, and is currently rented at $650 per month. The property also features an on-site pole barn for storage, vehicles, or equipment, supporting day-to-day utility for tenants and occupants.

The seller is specifically seeking an investor to complete a sale-leaseback transaction, with the property leased back to continue occupancy and operations. The arrangement includes an agreed 36-month buy-back component. As described, the sale is structured to be conveyed below current appraised value. The property is located at 213 Palmer St in Rives Township, Jackson, MI 49277, in a rural setting described as offering privacy while remaining within reasonable access to nearby towns, services, and employment corridors. Walkability is limited, with a reported walk score of 4 and bike score of 25.

For buyers seeking income-producing real estate, this duplex provides in-place rental income from two units with different bedroom counts and rent levels. The sale-leaseback structure is intended to keep a committed tenant in place from day one, while the contracted 36-month buy-back provides defined exit timing tied to the transaction terms.

Key Highlights

• Two‑unit rural duplex with in‑place rentals: Unit 1 at $2,500/month and Unit 2 at $650/month
• Unit 1 features 4 bedrooms, 2 bathrooms, a finished basement, and a pole barn for on‑site storage
• Unit 2 offers 2 bedrooms, 1 bathroom, and a kitchenette area

Property Analytics

Property Profile Location Intelligence

Current Use

Duplexes

Suggested Use

Top Pick Auto Parts Store Grocery & Convenience Store Furniture & Home Goods Garden Center Kitchen & Bath Showroom Building Supply

Zoning and permitted uses should be independently verified with authorities.

Frequently Asked Questions

What type of property is this?

Duplex - Two rented units with a pole barn for storage, plus a sale-leaseback and agreed 36-month buy-back.

Where is this duplex located?

The property is located at 213 Palmer St Rives Junction, MI.

What is the asking price?

The asking price for this property is $399,000.

What are key features of this property?

This property features: Two‑unit rural duplex with in‑place rentals: Unit 1 at $2,500/month and Unit 2 at $650/month; Unit 1 features 4 bedrooms, 2 bathrooms, a finished basement, and a pole barn for on‑site storage; Unit 2 offers 2 bedrooms, 1 bathroom, and a kitchenette area