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About This Home

This 4-bedroom, 3-bathroom residential multi family at 40 Country Bear Lane in Flat Rock, NC is listed for $599,000. Built in 1987, on a 1.10 acres lot.

Agent Description

Now priced $88,000 below recent appraisal. With two fully functional living units, this property offers immediate income potential, flexible occupancy strategies, and long-term value in a highly desirable location near Flat Rock. The main residence (Unit 1) features a 3-bedroom layout with multiple living areas, including two sunrooms, a gas fireplace, and an updated kitchen with granite countertops.

The primary suite includes a walk-in closet and en-suite bath, while the second-floor bedroom also offers a private en-suite-ideal for maximizing rental configurations or short-term rental appeal. Unit 2 is a fully self-contained 1-bedroom, 1-bath suite with private entrance, full kitchen, living/dining area, oversized walk-in closet, and dedicated

storage space-well-suited for long-term tenants, short-term rental income, or multigenerational occupancy. The property includes a 2-car garage plus a rare 4-car tandem basement garage with oversized doors, offering strong appeal for tenants or owners needing workshop, storage, or equipment space-an added value driver not commonly found in comparable properties.

Situated on 1.1 acres with mountain views and direct adjacency to Green River Game Lands, the location supports both long-term rental stability and short-term rental demand, with access to hiking, rivers, and outdoor recreation. Additional features include a large in-ground pool with 9' diving depth and newer HVAC systems (2019 & 2025), reducing near-term capital expenditures.

With dual-unit flexibility, below-appraisal pricing, and strong lifestyle-driven rental appeal, this property is well-positioned for investors seeking cash flow, house-hack potential, or short-term rental diversification. Please note - pool cover is virtually placed and this property is cross-listed under MLS #4332498.

Key Features

  • Built in 1987
  • 1.10 acre lot
  • Private pool
  • Fireplace

Property Details

3 full
1987

Amenities

PoolFireplaceA/C

Monthly Cost Estimate

$3,204/mo

20% down · 6.5% · 30 years

Principal$433
Interest$2,596
Insurance$175

Estimates only. Actual payments may vary.

Location

40 Country Bear Lane

Flat Rock, NC 28731

Property Details

Flooring

VinylCarpetTile

Construction

Stone Vinyl

Pool Features

PorchPatioDeck

Parking

DrivewayGarage - AttachedGarageTandem

Heating

CentralPropane (Heating)

Cooling

ElectricCeiling Fan(s)Central Air

Appliances

DishwasherElectric RangeElectric Water HeaterExhaust FanMicrowaveRefrigeratorRefrigerator with Ice MakerWasher/Dryer

Questions & Answers

This 4-bedroom, 3-bathroom residential multi family at 40 Country Bear Lane is listed at $599,000. The estimated monthly payment is $2,596 based on 20% down at 6.5% interest.

Key features include: Built in 1987, 1.10 acre lot, Private pool, Fireplace.

This property is listed by Mary Helen Letterle and can be reached at 8287823515 or maryhelen@mhl-advisors.com.

ML

Mary Helen Letterle

Agent at EXP Realty LLC

(828) 782-3515

Listed by EXP Realty LLC · View on Broker Site

MLS# 4332648· Source: listhub· Updated 143 days ago

Copyright © 2026 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

40 Country Bear Lane, Flat Rock, NC 28731

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