71-03 Cooper Ave #3FAM Ridgewood, NY 11385

7101 Cooper Avenue, Ridgewood, NY 11385 Fully Occupied 3-Family | Built 2005 | 3,250 Sq Ft | Package Deal Opportunity Exceptional opportunity to acquire a fully occupied, income-producing 3-family property in the heart of Ridgewood. Constructed in 2005, this modern 20 x 54 building offers approximately 3,250 square feet of livable space, featuring well-proportioned boxed rooms throughout for maximum layout efficiency and rental appeal. Each unit includes: Renovated kitchens Updated bathrooms High-efficiency lighting Clean, modern finishes Tenants are responsible for their own gas, electric, and heat, keeping operating expenses streamlined. The owner covers only property taxes, water, and insurance - creating a predictable and investor-friendly expense structure. The second and third-floor units each feature private balconies, while the first-floor unit enjoys direct access to the backyard - a strong tenant retention feature. Additional Value-Add Potential The property also offers: Opportunity to create a recreational space in the basement Potential to duplex the first floor with the basement (subject to approvals) This provides flexibility for increased rental income or an enhanced owner-user configuration. Rare Package Deal Opportunity This property is being offered together with the adjacent building, creating a rare assemblage opportunity that includes: Four total parking spaces Two-car garage Additional outdoor parking Backyard space Income-producing properties with dedicated parking in Ridgewood are increasingly scarce - making this a standout portfolio acquisition. Ideal For: "¢ Investors seeking stable cash flow "¢ 1031 exchange buyers "¢ Portfolio expansion "¢ End-users looking to offset mortgage with rental income Located in prime Ridgewood near transportation, shopping, restaurants, and neighborhood amenities. A rare opportunity to secure a well-built (2005) income-producing asset with expansion potential in one of Queens' strongest rental markets.