$399,000
Rives Junction, MI 49277
MLS# 26024290
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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
Details
Location & Property Info
Cross Streets: Rives Eaton Rd/E Main St
Property Sub-Type: 2 to 4 Units
Municipality: Rives Twp
Subdivision: Palmer's Plat of Rives Junc
Ownership Type: Private Owned
Office/Contract Info
Auction or For Sale: For Sale
General Property Info
New Construction: No
Lot Dimensions: 66x238
Financial Available: No
Financial Comments: Sale/Lease Back
Road Frontage: 198
Waterfront: No
Basement: Yes
Total # Units: 2
# of Diff Unit Floor Plans: 2
Total # Bldgs: 1
Total Parking Spaces: 25
School District: Northwest
Lot Measurement: Acres
Lot Square Footage: 27443
Lot Acres: 0.63
Year Built: 1900
Tax Info
Taxable Value: 138695
SEV: 172400
For Tax Year: 2025
Seller's Annual Property Tax: 5610
Tax Year: 2025
Homestead %: 100
Spec Assessment & Ty: None Known
Zoning: Resd
Tax ID #: 000-03-17-303-002-02
Remarks & Misc
Public Remarks: 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
Legal: 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;
Lot Description
Level: 1
Street Type
Paved: 1
Public: 1
Util Avail at Street
Cable Available: 1
High Speed Internet: 1
Utilities Attached
Electricity Connected: 1
Natural Gas Connected: 1
Phone Connected: 1
Sewer
Public Sewer: 1
Water
Private Water: 1
Well: 1
Terms Available
Cash: 1
Conventional: 1
Tax Def Exchange: 1
Mineral Rights
Unknown: 1
Laundry Features
Laundry Room: 1
Main Level: 1
Exterior Material
Brick: 1
Vinyl Siding: 1
Roofing
Composition: 1
Other: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Forced Air: 1
Air Conditioning
Central Air: 1
Access Feat
Accessibility Features: No
Tenant Pays
Electric: 1
Gas: 1
Sewer: 1
Trash: 1
Driveway
Aggregate: 1
Substructure
Full: 1
Owner Pays
None: 1
Unit 1
Unit Description: Residence
SqFt: 3282
Monthly Rent: 2000
Bedrooms: 4
Bathrooms: 2
Full Baths: 2
Central Air: 1
Deck/Patio: 1
Dishwasher: 1
Fireplace: 1
Garage: 1
Range Oven: 1
Refrigerator: 1
Washer/Dryer: 1
Unit 2
Unit Description: Guest
Monthly Rent: 650
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Central Air: 1
Range/Oven: 1
Refrigerator: 1
Possession
Subject To Tenant Rights: 1
Location Property Info
County: Jackson
Street #: 213
Street Name: Palmer
Suffix: Street
State: MI
Zip Code: 49277
Zip (4): 9707
OfficeContract Info
Status: Active
Current Price: $399,000
List Price: $399,000
Listing Date: 2026-05-22
Remarks Misc
Directions: In Rives, from Rives Eaton Rd, W on E Main, S on Palmer St.
Property Features
Laundry Features: Laundry Room; Main Level
Exterior Material: Brick; Vinyl Siding
Roofing: Composition; Other
Substructure: Full
Lot Description: Level
Sewer: Public Sewer
Water: Private Water; Well
Utilities Attached: Electricity Connected; Natural Gas Connected; Phone Connected
Util Avail at Street: Cable Available; High Speed Internet
Owner Pays: None
Tenant Pays: Electric; Gas; Sewer; Trash
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Central Air
Driveway: Aggregate
Street Type: Paved; Public
Mineral Rights: Unknown
Terms Available: Cash; Conventional; Tax Def Exchange
Possession: Subject To Tenant Rights
Sale Conditions: None
Unit 1: Central Air; Deck/Patio; Dishwasher; Fireplace; Garage; Range Oven; Refrigerator; Washer/Dryer
Unit 2: Central Air; Range/Oven; Refrigerator
Supplements
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.
Listing Office: Coldwell Banker Beiswanger Realty Group
Listing Agent: Doug Beiswanger
Last Updated: May - 22 - 2026
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