213 Palmer Street Rives Junction, MI $ 399,000
213 Palmer Street
$ 399,000
Recently Listed
Share Save

213 Palmer Street

Rives Junction, MI, 49277
$ 399,000
Baths0.0

Monthly Estimate*

$ 2,457

213 Palmer Street, Rives Junction, MI 49277 - Image 1
213 Palmer Street, Rives Junction, MI 49277 - Image 2
213 Palmer Street, Rives Junction, MI 49277 - Image 3
213 Palmer Street, Rives Junction, MI 49277 - Image 4
213 Palmer Street, Rives Junction, MI 49277 - Image 5
213 Palmer Street, Rives Junction, MI 49277 - Image 6
213 Palmer Street, Rives Junction, MI 49277 - Image 7
213 Palmer Street, Rives Junction, MI 49277 - Image 8
213 Palmer Street, Rives Junction, MI 49277 - Image 9
213 Palmer Street, Rives Junction, MI 49277 - Image 10
213 Palmer Street, Rives Junction, MI 49277 - Image 11
213 Palmer Street, Rives Junction, MI 49277 - Image 12
213 Palmer Street, Rives Junction, MI 49277 - Image 13
213 Palmer Street, Rives Junction, MI 49277 - Image 14
213 Palmer Street, Rives Junction, MI 49277 - Image 15
213 Palmer Street, Rives Junction, MI 49277 - Image 16
213 Palmer Street, Rives Junction, MI 49277 - Image 17
213 Palmer Street, Rives Junction, MI 49277 - Image 18
213 Palmer Street, Rives Junction, MI 49277 - Image 19
213 Palmer Street, Rives Junction, MI 49277 - Image 20
213 Palmer Street, Rives Junction, MI 49277 - Image 21
213 Palmer Street, Rives Junction, MI 49277 - Image 22
213 Palmer Street, Rives Junction, MI 49277 - Image 23
213 Palmer Street, Rives Junction, MI 49277 - Image 24
213 Palmer Street, Rives Junction, MI 49277 - Image 25
213 Palmer Street, Rives Junction, MI 49277 - Image 26
213 Palmer Street, Rives Junction, MI 49277 - Image 27
213 Palmer Street, Rives Junction, MI 49277 - Image 28
213 Palmer Street, Rives Junction, MI 49277 - Image 29
213 Palmer Street, Rives Junction, MI 49277 - Image 30
213 Palmer Street, Rives Junction, MI 49277 - Image 31
213 Palmer Street, Rives Junction, MI 49277 - Image 32
213 Palmer Street, Rives Junction, MI 49277 - Image 33
213 Palmer Street, Rives Junction, MI 49277 - Image 34
213 Palmer Street, Rives Junction, MI 49277 - Image 35
213 Palmer Street, Rives Junction, MI 49277 - Image 36
213 Palmer Street, Rives Junction, MI 49277 - Image 37
213 Palmer Street, Rives Junction, MI 49277 - Image 38
213 Palmer Street, Rives Junction, MI 49277 - Image 39
213 Palmer Street, Rives Junction, MI 49277 - Image 40
213 Palmer Street, Rives Junction, MI 49277 - Image 41
213 Palmer Street, Rives Junction, MI 49277 - Image 42
213 Palmer Street, Rives Junction, MI 49277 - Image 43
213 Palmer Street, Rives Junction, MI 49277 - Image 44
213 Palmer Street, Rives Junction, MI 49277 - Image 45
213 Palmer Street, Rives Junction, MI 49277 - Image 46
213 Palmer Street, Rives Junction, MI 49277 - Image 47
213 Palmer Street, Rives Junction, MI 49277 - Image 48
213 Palmer Street, Rives Junction, MI 49277 - Image 49
213 Palmer Street, Rives Junction, MI 49277 - Image 50
213 Palmer Street, Rives Junction, MI 49277 - Image 51
213 Palmer Street, Rives Junction, MI 49277 - Image 52
213 Palmer Street, Rives Junction, MI 49277 - Image 53
213 Palmer Street, Rives Junction, MI 49277 - Image 54
213 Palmer Street, Rives Junction, MI 49277 - Image 55
213 Palmer Street, Rives Junction, MI 49277 - Image 56
213 Palmer Street, Rives Junction, MI 49277 - Image 57
213 Palmer Street, Rives Junction, MI 49277 - Image 58
213 Palmer Street, Rives Junction, MI 49277 - Image 59
213 Palmer Street, Rives Junction, MI 49277 - Image 60
Studio

Multi-Family Home for sale in Rives Junction, MI

for $399,000. This home was built in 1900 on a lot size of 0.63.

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.

See more

Multi-Family Active

Price

$ 399,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 5,610

Style

2 to 4 Units

Lot Size

0.63

Year Built

1900

Town/City

Rives Junction

County/Region

Jackson

MLS | Web ID

26024290

Features
General
Heating Forced Air
Cooling Central Air
Utilities Cable Available Phone Connected Natural Gas Connected Electricity Connected
Possession Subject To Tenant Rights
Roof Other Composition
Construction Materials Brick Vinyl Siding
Exclusions Tenant owned property.
Year Built 1900
Tenant Pays Electric Trash Sewer Gas
Township Rives Twp
Property Subtype 2 to 4 Units
Tax Year 2025
Ownership Private Owned
County Jackson
New Construction N
Property Type Multi Family
Attached Garage N
Subdivision Name Palmer's Plat of Rives Junc
Status Active
Directions In Rives from Rives Eaton Rd W on E Main S on Palmer St.
City Rives Junction
High School District Northwest
Zoning Description Resd
Number Of Units Total 2
Lot Size Units Acres
Lot Size Square Feet 27443.0
Listing Terms Cash Conventional Tax Def Exchange
Land Lease Y/N N
Tax Annual Amount 5610.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Rent Control Y/N N
Virtual Tour https://track.pstmrk.it/3s/www.zillow.com%2Fview-imx%2F7a8b2ed4-845d-490a-9d3e-f3efc25e036f%3FinitialViewType%3Dpano%26utm_source%3Ddashboard/cUpU/lYbFAQ/AQ/783373da-264b-4614-acd5-7c7a225c36b0/4/kNH
Standard Status Active
Occupancy Type Owner
Tax Assessed Value 138695
Legal 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;
Senior Community None
See more
Interior
Basement Full
Basement (Y/N) Y
Air Conditioning Y/N Y
Heating Y/N Y
Laundry Features Laundry Room Main Level
Total Baths 0
See more
Exterior
Parking Features Aggregate Driveway
Lot Features Level
Water Source Private Water Well
Total Parking 25.0
Lot Size Area 0.63
Number of Buildings 1
Spa N
Lot Dimensions 66x238
Lot Size Acres 0.63
Road Surface Type Paved
Waterfront Y/N N
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
See more
Internal Only
Street Number 1 213
See more
* Excluded Features
List By
Coldwell Banker Beiswanger Realty Group

Broker

doug@mirealestatepro.com

Email

Affordability Calculator

$2,924
Per Month
84%
16%
0%
Monthly Principal & Interest
$2,457
Monthly Property Taxes
$468
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW! What's my home worth?
Nearby
3410818 Elementary School
3410804 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/22/2026$399,000 Listed Price

Map


See all

213 Palmer Street, Rives Junction, MI, 49277 is a Multi-Family Home for sale at $399,000 with a lot size of 0.63. 213 Palmer Street is a studio with 0.0 baths and was built in 1900. The property's zip code is 49277 which is in Rives Junction, MI