1273 W 7th ST

The expansive unfinished attic offers a compelling opportunity to unlock additional income and long-term value. With approximately 800 square feet and ceiling heights reaching 9 feet, the space provides ample room for the potential conversion into two well-designed studio apartments. This upper level presents a rare chance for an investor to capitalize on existing square footage, increasing both cash flow and overall property value through a strategic and efficient build-out (buyer to verify feasibility, zoning, and permitting).


Pro Forma Income $22,800
Loss To Vacancy (Estimated at 5%) -$1,140
Effective Gross Income $21,660
Estimated Expenses (35%) -$7,581
Projected NOI $14,079
Valuation Creation Analysis
Estimated Project Cost $100K - $130K
Added NOI ~$14,000
Value at 7% Cap ~$200,000
Estimated Equity Created $70K - $100K+
Stabilized Performance (Post Conversion)
Current NOI $40,139
+ Added NOI ~$14,000
Stabilized NOI ~$54,000
Strong opportunity to increase cash flow and force appreciation through attic conversion. Buyer to verify zoning, permitting, and feasibility.

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