2416 S. 16th Street is a well-located multifamily investment opportunity in the South Omaha Vinton Street corridor, situated on a large 0.47-acre lot. The property consists of approximately 12 one-bedroom, one-bath units and offers multiple avenues for value enhancement while maintaining in-place cash flow. Units feature larger-than-average floor plans, providing potential to reconfigure into two-bedroom layouts, subject to zoning and City of Omaha approvals. The building includes 6 full unfinished ground level basements with separate access, creating the opportunity to convert the space into secured tenant storage, garage spaces, laundry or other income-producing uses, subject to feasibility and municipal approval. Located minutes from Downtown and Midtown Omaha with convenient access to major transportation routes, the property is positioned in a stable rental market with consistent demand. This offering is ideal for an investor seeking current income with significant upside through unit reconfiguration, expansion, and operational improvements.