788 FRONT ST

Located in the quaint town of Lovingston, this two-over-two farmhouse offers the new owner with several options. As typical with these home styles, rear additions were added to offer more modern conveniences such as bathrooms and updated kitchens. This is the case with this home which increased the size to a comfortable 2,700 square feet. The garage in the rear was turned into an apartment and the main house is also a rental. Together the main house and the apartment are rented for $2,500 per month, which meets the 1% rule of thumb for purchasing rental properties. The main house could be used as a single-family home while the garage apartment rented to help offset the mortgage. The apartment could be used by an elderly parent. The village of Lovingston is convenient to grocery stores and restaurants located in the town. Close to route 29 it is an easy drive to both Charlottesville and Lynchburg. Additionally, Nelson County is home to Wintergreen ski resort, plus wineries, breweries and associated restaurants in the Rockfish Valley.