Turnkey Duplex Investment
213 Palmer Street, Rives Junction, MI 49277
New
- Added:
- May 22, 2026
- Days on Market:
- 1
- Last Refresh:
- May 22 at 8:06 pm
Property Features for 213 Palmer Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Rooms
- Basement, Bedroom 6, Bedroom 2, Bedroom 5, Bedroom 4, Bathroom 3, Bathroom 1, Laundry Room, Bedroom 1, Bathroom 2, Bedroom 3
- Parking
- 25
- Parking features
- Driveway
- Basement
- Full
- Standard status
- Active
- APN
- 000-03-17-303-002-02
- Lot size
- 0.63 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax 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;
- Tax Annual Amount
- 5610
Utilities
- Utilities
- Cable Available
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Private, Well
Building Details
- Year built
- 1900
- Number of units
- 2
- Building materials
- Brick, Vinyl Siding
- Roof type
- Composition
Listing agent Doug Beiswanger License #6502425012 (517) 914-9555
Listing office Coldwell Banker Beiswanger Realty Group 1331 Horton Rd., Jackson, MI (517) 435-1500
Listing date May 22, 2026
MLS# 26024290
Listing URL
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Sale‑leaseback structure with a contracted 36‑month buy‑back arrangement designed to deliver a strong return on investment.
- Strong in‑place rent roll from two units with different price points, reducing vacancy risk and supporting consistent monthly cash flow.
- Property conveyed below current appraised value, creating immediate equity for the purchaser.
- Unit 1 features 4 bedrooms, 2 bathrooms, a finished basement, and a pole barn, rented at $2,500 per month.
- Turnkey rural duplex offering diversified rental income and outbuildings.
- Rural setting provides privacy while still offering reasonable access to nearby towns and services.
Overview
This turnkey rural duplex presents an investment opportunity with diversified rental income, outbuildings, and a built-in tenant through a sale-leaseback structure. The property includes two units. Unit 1 is currently rented at $2,500 per month and features 4 bedrooms, 2 bathrooms, a finished basement, and an on-site pole barn suitable for storage, vehicles, or equipment. This unit is ideal for an owner-occupant or a long-term tenant. Unit 2 is currently rented at $650 per month and offers 2 bedrooms, 1 bathroom, and a kitchenette area, making it suitable for supplemental income or multi-generational living. The property is situated in a rural setting that provides privacy while maintaining reasonable access to nearby towns, services, and employment corridors. The seller is 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, potentially creating immediate equity for the purchaser and supporting a projected yield, especially with the agreed 36-month buy-back component. The property is located in Rives Junction, Michigan, within Jackson County, and has a lot size of 0.63 acres.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Rives Junction
- County
- Jackson
- State
- Michigan
- Longitude
- -84.460949
- Latitude
- 42.384551
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Rural duplex with strong cash flow and seller leaseback.
Where is this duplex located?
The property is located at 213 Palmer Street 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: Sale‑leaseback structure with a contracted 36‑month buy‑back arrangement designed to deliver a strong return on investment.; Strong in‑place rent roll from two units with different price points, reducing vacancy risk and supporting consistent monthly cash flow.; Property conveyed below current appraised value, creating immediate equity for the purchaser.
