306 Main StHailey, ID 83333

This exceptional 1-story apartment building at 306 S Main St, Hailey, ID 83333, presents a compelling investment opportunity. Built in 1940 and extensively renovated in 2019, this property sits on a sizable 0.33-acre lot (APN RPH00000210110) and offers significant upside potential. Currently fully occupied with below-market rents, this presents immediate cash flow. The property's prime location in the heart of Hailey provides easy access to local amenities and attractions. The existing structure offers a solid foundation for continued income generation. However, the true potential lies in the significant development opportunity. Preliminary discussions with the city have explored the possibility of adding a new building with 12 one-bedroom units, significantly increasing the property's value and rental income. This presents a rare chance to acquire a well-maintained multifamily property with substantial room for expansion in a thriving Idaho market. The asking price is $1,175,000. This is a turnkey investment ready for immediate returns and future growth. Don't miss this chance to capitalize on this unique opportunity in the desirable Hailey, Idaho market.