Monroe · Monroe, NC
508 Deese Street
Monroe, NC · 3,050 sqft
$299,900
- 7Beds
- 3Baths
- 3,050SqFt
- 1955Year
About this home
Nearly an ACRE of Opportunity in Monroe’s Brookstone Village!
This expansive Monroe property offers a rare combination of space, flexibility, and investment potential. Currently being used as a co-living opportunity with 4 tenants in place, the home presents a strong option for investors seeking existing occupancy, rental income potential, or a creative repositioning strategy.
The main level features 3 bedrooms, 1 full bathroom, and an open living, dining, and kitchen layout. The lower level offers even more flexibility with a private suite, full bathroom, 4 additional finished rooms, and 2 more full bathrooms — ideal for multi-tenant use, extended living arrangements, or future reconfiguration.
Situated on nearly an acre, the property includes an oversized driveway, ample parking, a cozy side patio, and a spacious backyard with room for outdoor living improvements, expansion, or value-add projects. Whether you are looking for a rental investment, co-living setup, master lease opportunity, or property with room to grow, this home offers significant upside at the new price point.
Property is tenant occupied. Buyer to verify zoning, legal use, occupancy, school assignments, and all details deemed important. Seller and agent make no representations or warranties regarding the legality of the current use. Seller disclosures forthcoming.
Property details
- Beds
- 7
- Baths
- 3
- SqFt
- 3,050
- Lot
- —
- Year built
- 1955
- Type
- Single Family
- Heating
- Central
- Cooling
- Central Air
- Foundation
- Basement
Payment estimate
Estimated monthly payment
Includes P&I, tax, insurance
$2,169/ month
- Principal & interest
- $1,857
- Property tax (~0.90%)
- $224
- Homeowners insurance
- $87
- HOA dues
- —
Down payment
$14,995 down · $284,905 financed
Income to qualify (28% rule)
~$92,990 / year household
A rough rule — actual qualification depends on your full debt picture, credit, and the lender. Christy can introduce you to lenders she trusts.
Numbers are a directional estimate. Actual monthly cost varies by lender, credit, taxes assessed at closing, and insurance carrier. This is not a loan offer or pre-approval.