Discover the possibilities at 1003 Elliott Avenue, a centrally located Charlottesville property offering comfort, income potential, and future development opportunities. Enjoy sunsets, winter mountain views, and gatherings in the large, level backyard. Convenient to Belmont, Downtown, UVA, and I-64, this versatile property sits on a 5,663-square-foot lot-more than twice the minimum R-B lot requirement-with valuable rear alley access. Recent improvements include a new roof, oversized gutters with guards, and fresh interior and exterior paint. The main level offers a living room with masonry fireplace and built-ins, three bedrooms, renovated full bath, hardwood floors, and a spacious kitchen. The terrace level includes a separate apartment, ideal for rental income, guests, multigenerational living, or a home office. Both units feature replacement windows, washer/dryer, fresh paint, and air conditioning. A fully floored attic provides abundant storage. R-B zoning allows a range of residential uses, including the potential for up to six dwelling units by right and additional density through qualifying development bonuses. A rare opportunity to enjoy a well-located home today while exploring its possibilities for tomorrow.