213 Palmer StreetRives Junction, MI 49277

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 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.

Property Information

Property type

Residential Income

Sub-type

Multi Family

Year built

1900

Lot size

0.63 acres

Lot dimensions

66x238

Parking spaces

25

Ownership

Private Owned

Days on market

164

MLS^® Listing#

26024290

Property Features

Cooling

Central Air

Heating

Natural Gas · Forced Air

Basement

Full

Parking

Aggregate · Driveway

Laundry

Laundry Room · Main Level

Lot features

Level

Construction

Brick · Vinyl Siding

Roof

Other · Composition

Utilities

Natural Gas Available · Cable Available · Phone Connected · Natural Gas Connected · Electricity Connected

Sewer

Public Sewer

Water source

Private · Well

Schools

District

Northwest

Financial Details

Annual taxes

$5,610Tax year 2025

Assessed value

$138,695

Parcel number

000-03-17-303-002-02

Directions

In Rives, from Rives Eaton Rd, W on E Main, S on Palmer St.