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

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.

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Whether you're quietly considering a move or simply curious about what your home might bring today, I welcome the conversation. Every relationship begins with a coffee.