161 State Street, Mobile, AL 36603
Local realty services provided by:Better Homes and Gardens Real Estate Main Street Properties
161 State Street,Mobile, AL 36603
$825,000
- 8 Beds
- 10 Baths
- 4,620 sq. ft.
- Condominium
- Active
Listed by:cory bronenkamp
Office:cory bronenkamp, broker
MLS#:7529148
Source:AL_MAAR
Price summary
- Price:$825,000
- Price per sq. ft.:$178.57
About this home
RECENT REDUCTION: 8.4% RETURN!....................‘Stars on State’ is a 4-unit, multi-family complex located in Downtown Mobile, AL in the Historic Detonti Square District. The property consists of two addresses under one building that is currently operated as a short-term rental complex. The building has Two 2-Bed/2 bath units and Two 2 bed/1.5 bath units. The Property is strategically positioned to capitalize on the demand for short-term accommodations in downtown Mobile, Alabama, which is experiencing a huge growth trend in tourism, entertainment, business, and lodging. The Property is just a short walk from the infamous Dauphin Street, the convention center, the cruise terminal, the soon-to-be-new Civic Center, as well as all things MARDI GRAS! This offering represents an exceptional opportunity for investors and/or owner operators seeking to acquire a fully operational short-term rental asset with immediate cash flow potential! ...................Neighborhood: Stars on State is located in a prime area of Historic Detonti Square, known for its quiet New Orleans-esque neighborhood, coffee shops, small businesses, and convenient access to all downtown has to offer...................Cash Flow: Currently generating over $127,000 per year from short-term rental income with potential for further upside through management improvements, newer furnishings, and more efficient pricing adjustments...................Attractive Market: Downtown Mobile is currently going through a growth renaissance with the addition of numerous businesses along St. Louis Street, a new Civic Center, increased cruise terminal traffic, a new Downtown airport, as well as endless infrastructure and park improvements within the Downtown perimeter. Do not miss out on the opportunity to own a well-positioned asset!...................Turnkey Opportunity: Fully furnished and equipped for short-term rental use, the complex is ready for immediate operation with minimal capital expenditures required. Full list of bookings will immediately transfer to new owners...................Transferability: This is a huge benefit…all accounts are transferable. Upon sale, we will share login/password credentials to all platforms so the new buyer literally takes the baton. All automations, reviews, processes, cleaners, etc will transfer. Everything is automated and fully transferable!
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Home facts
- Year built:1830
- Listing Id #:7529148
- Added:190 day(s) ago
- Updated:July 18, 2025 at 02:10 PM
Rooms and interior
- Bedrooms:8
- Total bathrooms:10
- Full bathrooms:8
- Half bathrooms:2
- Living area:4,620 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central
Structure and exterior
- Roof:Shingle
- Year built:1830
- Building area:4,620 sq. ft.
- Lot area:0.06 Acres
Schools
- High school:Mobile - Other
- Middle school:Mobile - Other
- Elementary school:Mobile - Other
Utilities
- Water:Public
- Sewer:Available, Public Sewer
Finances and disclosures
- Price:$825,000
- Price per sq. ft.:$178.57
- Tax amount:$5,812
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