$395,000

For many years, this substantial 4-bedroom, 2-bath Oakland property has served as a fully-occupied, versatile, income-producing rental for students, families and short-term tenants alike. The Occupancy Permit for "One Family Dwelling and Two Lodgers" allows for a total of 5 unrelated tenants. The first floor, open with plenty of recessed and natural light, has a Living Room, Dining Room and Kitchen. There are 2 nice-sized bedrooms, a full bath and Laundry Room on the 2nd floor. The entire 3rd floor consists of an expansive space, large enough to accommodate a bedroom area and a separate living or office area. There is more living space in the finished basement. Complete with a kitchenette/wet bar, dining space, bedroom, and full bathroom, this level feels almost like its own private apartment. The gas forced-air furnace and hot water tank are brand new. The area is well-serviced by both public transportation and university shuttles. 340 Ophelia will make an excellent addition to your investment portfolio.