213 Palmer Street Rives Junction, MI 49277
0.63 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 2 to 4 Units
Listing Status Active
Purchase Type For Sale
Municipality Rives Twp
Subdivision Palmer'S Plat Of Rives Junc
MLS Listing ID 26024290
Year Built 1900
Annual Tax Amount $5,610
Tax Year 2025
Lot Size 0.630 Acres
Acres 0.63
Lot Dimensions 66x238
Property Sub-Type 2 to 4 Units
Source Michigan Regional Information Center (MichRIC)
Property Description
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. 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.
Location
State MI
County Jackson
Direction In Rives, from Rives Eaton Rd, W on E Main, S on Palmer St.
Rooms
Basement Full
Interior
Heating Forced Air
Cooling Central Air
Laundry Laundry Room, Main Level
Exterior
Parking Features Aggregate, Driveway
Utilities Available Cable Available, Phone Connected, Natural Gas Connected, Electricity Connected
View Y/N No
Roof Type Other,Composition
Street Surface Paved
Total Parking Spaces 25
Building
Lot Description Level
Water Private Water, Well
Structure Type Brick,Vinyl Siding
New Construction No
Schools
School District Northwest
Others
Tax ID 000-03-17-303-002-02
Acceptable Financing Cash, Conventional, Tax Def Exchange
Listing Terms Cash, Conventional, Tax Def Exchange
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