This well-maintained four-unit apartment building in Palmer offers a strong rental history and consistent occupancy, making it an attractive addition to an investment portfolio. Each unit features two bedrooms and one full bathroom, with recent updates to the bathrooms and flooring. All four units are currently occupied under year-long leases at $850 per month, with tenants responsible for their own electric service. A coin-operated laundry area in the basement provides added convenience, while indoor storage spaces offer tenants extra room for their belongings. Palmer is a small community known for its welcoming atmosphere and neighborly feel, while also offering convenient proximity to a major area employer. With steady income potential and practical tenant features, this fully occupied property presents an appealing investment opportunity with an established rental history.
Palmer is located in Michigan. Palmer, Michigan has a population of 467. Palmer is more family-centric than the surrounding county with 35.78% of the households containing married families with children. The county average for households married with children is 26.28%.
The median household income in Palmer, Michigan is $60,313. The median household income for the surrounding county is $57,981 compared to the national median of $69,021. The median age of people living in Palmer is 45.2 years.
The average high temperature in July is 77.5 degrees, with an average low temperature in January of 4 degrees. The average rainfall is approximately 32.4 inches per year, with 156.6 inches of snow per year.
