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213 Palmer Street Rives Junction, MI 49277-9707
0.63 Acres Lot
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Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Mi
MLS Listing ID 70533977
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 Multi-Family
Property Description
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
Location
State MI
County Jackson
Area Rives Twp (38013)
Zoning Residential
Interior
Heating Forced Air
Exterior
Exterior Feature Brick, Vinyl Siding
Building
Foundation Basement
Structure Type Brick,Vinyl Siding
Schools
School District Northwest School District
Others
Energy Description Natural Gas
Financing Cash,Conventional,Exchange/Trade
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Listed by Coldwell Banker Beiswanger Realty Group
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