Discover a prime multifamily investment gem nestled in the heart of the sought-after South Omaha Vinton Street corridor, perched on an expansive 0.47-acre plot. Boasting a collection of approximately 12 spacious one-bedroom, one-bath units, this property presents a myriad of avenues for amplifying value while upholding its current cash flow.
Each unit showcases generously-sized layouts, setting the stage for potential reconfiguration into two-bedroom designs pending the green light from zoning regulations and the City of Omaha. The building further encompasses 6 full unfinished ground level basements with independent entrances, offering the chance to transform these areas into secure tenant storage, garage spaces, laundry facilities, or other revenue-generating purposes, pending feasibility studies and municipal blessings.
Potential Value Additions
Fencing the lot
Unit updates and the potential to convert to 2-bedroom units offer a lucrative opportunity for maximizing ROI.
Elevate the property's appeal with exterior cosmetic updates, garage additions, and additional storage options.
South Omaha Near Vinton Street Cooridor
Located in a mixed residential and historic urban neighborhood with convenient access to South Omaha amenities
Minutes from the Vinton Street Corridor, known for local dining, small businesses, and a strong community atmosphere
Easy access to major roadways and interstates, connecting to Midtown, Downtown Omaha, and surrounding commercial districts
Walkable neighborhood with established sidewalks and access to public transit throughout South Omaha
