AL
Mobile - AL
Mobile
36603
161 State Street
161 State Street, Mobile, AL 36603
Listing Type
Condo/Townhome
Listing Status
active
10
$999,000

Home Details for 161 State Street

Price
$999,000
Type
Residential
Bedrooms
8
Bathrooms
10.0
Square feet
NaN
Year built
1830
Lot size acres
0.0556
County
Mobile - AL
Garage
Basement
None
Days on site
15
MLS Listing#
7529148
Listing Courtesy: Cory Bronenkamp, Broker - 314-603-5686
Property Description

**Re-listing after fixing errors in the listing**...................‘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!

Property Features
  • Utilities
    • Cable Available
    • Electricity Available
    • Natural Gas Available
    • Sewer Available
  • Cooling Information
    • Central Air
  • Heating Information
    • Central
  • Water Features
    • Public
  • House Interior
    • Other
  • Parking
    • On Street
  • Basement
    • None
  • Fire Place
    • None
School Information
School Information for 161 State Street, Mobile, AL 36603
Elementary School
Mobile - Other
Middle School
Mobile - Other
High School
Mobile - Other
Information deemed reliable but not guaranteed. The information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The Mobile Area Association of REALTORS® is committed to providing an accessible website. If you require assistance accessing this site's content, viewing a file or accessibility problems, please contact the Association. Copyright ©2025, All rights reserved.
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Neighborhood Market Statistics
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Median Listing Price
Median Days on Site
Median Square Feet
Market statistics compiled from data from Gulf Coast MLS / Mobile Area Association of REALTORS(R).
EXIT ALLSTAR REALTY
6606 Old Shell Rd, Mobile, AL 36608
Office
251 380 0990
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