Rural Duplex with
For Sale
$399,000
213 Palmer St, Rives Junction, MI 49277
Two rented units with a pole barn for storage, plus a sale-leaseback and agreed 36-month buy-back.
Property SizeContact for details
Days on Market82
Property Features for 213 Palmer St
General Information
Standard status
Active
Property subtype
Investment
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,610
Building Details
Year Built
1900
Units
2
Tenancy
Multi
Listing Agency:
Coldwell Banker Beiswanger Realty Group
(517) 914-9555
Listed By:
Doug Beiswanger · License #6502425012
(517) 914-9555
Source:
Elliman
Added: Jun 1
Changed: Aug 8
Last Checked: Aug 21 at 12:50PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Beiswanger Realty Group
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.
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
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
34
Businesses Nearby
Explore this area
Business Placement
Demographics for 49277, MI
3,170
Population
1,134
Households
2.8
Avg Household Size
43
Median Age
20%
College-Educated
93%
High-School Grad
33.0 sq mi
ZIP Area
96
Density / Sq Mi
$89,256
Median Household Income
$55,921
Median Earnings
$1,726
Median Rent
$201,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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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
