For Sale
213 Palmer Street, Rives Junction, MI 49277
$399,000
MLS # 26024290 (Michigan Regional Information Center (MichRIC))
2 unitsBuilt 19000.63 acres
1 / 60
Listing 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
Source: SparkMLS
About this home
Currently offered at $399,000.
Annual property taxes run approximately $5,077 ($423/month). Estimate is based on county assessor records and current millage rates; actual tax may vary with PRE status and recent assessment changes.
Electric service is provided by Consumers Energy Company.
Listing Property Details
Property TypeMulti Family
Property Subtype2 to 4 Units
Bathrooms0
Lot Size0.63 acres
Year Built1900
Location
CityRives Junction
MunicipalityRives Twp
Zip Code49277
CountyJackson
School DistrictNorthwest
Construction & Systems
ConstructionBrick, Vinyl Siding
BasementFull
HeatingForced Air
WaterPrivate Water, Well
UtilitiesCable Available, Phone Connected, Natural Gas Connected, Electricity Connected
Sale & Financing
Listed5/21/2026
Terms AcceptedCash, Conventional, Tax Def Exchange
Source: SparkMLS
Tax Information
Annual Tax$5,610
Tax Year2025
State Equalized Value$172,400
Taxable Value$138,695
Assessed Value$138,695
Parcel #000-03-17-303-002-02
Source: Public Records
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;
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Doug Beiswanger
Coldwell Banker Beiswanger Realty Group
Frequently Asked Questions about 213 Palmer Street, Rives Junction, MI 49277
Which school district serves 213 Palmer Street, Rives Junction, MI 49277?
Per MLS# 26024290, 213 Palmer Street, Rives Junction, MI 49277 is in the Northwest boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Northwest directly to confirm enrollment eligibility.
What type of financing is accepted for this listing?
Per MLS# 26024290, this listing accepts Cash, Conventional, Tax Def Exchange financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 213 Palmer Street, Rives Junction, MI 49277?
Per public tax records, annual property taxes for this property are $5,610 (2025). Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 213 Palmer Street, Rives Junction, MI 49277 is in an eligible area. USDA RD loans offer 0% down payment for qualified buyers. Verify current eligibility at the USDA eligibility site, as boundaries are updated periodically.
Is 213 Palmer Street, Rives Junction, MI 49277 in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
What utilities serve 213 Palmer Street, Rives Junction, MI 49277?
Per Michigan Public Service Commission service territory data: Electric: Consumers Energy Company. Gas: Consumers Energy Company. Water: Private Water, Well. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the Rives Twp police department or the Jackson County sheriff's office.
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Tax Estimate
$
Annual tax$5,077
Monthly$423
Millage rate29.4464 mills
Municipality: Rives
School district: NORTHWEST SCHOOL DISTRICT
County: Jackson
Estimate based on SEV for a new buyer (taxable value resets to SEV on transfer). Actual taxes may vary. MI Treasury PT Estimator
BETATax History
View SEV, Taxable Value, and uncapping difference for this parcel — Jackson County public records.
Mortgage Calculator
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Monthly payment$3,011
Principal & interest$2,588
Property taxes$423
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
Consumers Energy Company
Investor-Owned
Consumers Energy Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
213 Palmer Street, Rives Junction, MI 49277
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Municipality
Rives Township
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County
Jackson County
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