Denver · Denver, NC
7558 Katherine Drive
Denver, NC · 708 sqft
$209,000
- 2Beds
- 1Baths
- 708SqFt
- 1945Year
- 80x121x80x121Lot
About this home
Charming Bungalow Retreat in Denver, NC – Perfect Starter Home or Investment Opportunity
Welcome to this cozy bungalow retreat nestled in the heart of Denver, NC! Situated on a .22-acre lot, this delightful 2-bedroom, 1-bath home offers the perfect blend of comfort, affordability, and investment potential.
Currently operating as a successful rental property, this home has been occupied by the same tenant for the past four years, generating consistent monthly income of $1,150. With a proven rental history and strong cash-flow potential, this property presents an excellent opportunity for investors seeking a turnkey addition to their portfolio.
The current tenant is relocating out of state, creating a rare opportunity for a new owner to either continue its income-producing success or make it their own personal residence. Inside, you'll find a functional floor plan, inviting living spaces, and the charm and character that make bungalow living so appealing.
The manageable yard offers space to relax, garden, or entertain, while the convenient location places you just minutes from shopping, dining, schools, and Lake Norman. Whether you're searching for your first home, looking to downsize, or seeking an affordable investment property, this Denver gem is ready for its next chapter.
Don't miss this opportunity to own a property that combines small-town charm, proven income history, and future potential—all at an attainable price point.
Property details
- Beds
- 2
- Baths
- 1
- SqFt
- 708
- Lot
- 80x121x80x121
- Year built
- 1945
- Type
- Single Family
- Style
- Bungalow
- Heating
- Electric, Heat Pump
- Cooling
- Central Air
- Foundation
- Crawl Space
- Flooring
- Vinyl
Payment estimate
Estimated monthly payment
Includes P&I, tax, insurance
$1,512/ month
- Principal & interest
- $1,294
- Property tax (~0.90%)
- $156
- Homeowners insurance
- $60
- HOA dues
- —
Down payment
$10,450 down · $198,550 financed
Income to qualify (28% rule)
~$64,804 / 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.
Location
Gallery — 3 photos
About Denver
Lake Norman west · Rural growth
Lincoln County town on the west side of Lake Norman — fastest-growing rural market in the region, with new subdivisions tied to the lake and the Highway 16 corridor.


