161 State Street, Mobile, AL 36603

• 8 beds |
• 10 baths |
• 4,620 sqft

Property Description

Calling all investors!....................‘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 full 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 entertainment district, convention center, cruise terminal, 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 $125,000 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!

Listing Status:

Active

Date Added:

February 22, 2025 at 06:00AM

Listing Office:

Acre Development, LLC : 314-603-5686

Listing Agent:

Cory Bronenkamp : 314-603-5686

MLS ID:

7529148

Interior

• General: Other
• Appliances: DishwasherDisposalDryerGas RangeMicrowaveRefrigeratorWasher
• Laundry: In Hall
• Basement: None
• Flooring: Other
• A/C: Central Air
• Heating: Central
• Fireplace: Fireplace
• Disability Feature: None
• Eco/Green Feature: None

Exterior

• General: None
• Style: Other
• Pool: None
• Parking: On Street

Construction

• Roofing: Shingle
• Windows: None
• General: BrickTwoSlab

Location

• Road/Access: City Street
• HOA Amenities: 0.0
• Originating MLS: GCMLS2
• County: Mobile - AL

Lot

• Zoning: 2906400002069
• View: Other
• Fencing: None

Utilities

• Utilities: Cable AvailableElectricity AvailableNatural Gas AvailableSewer Available110 Volts
• Water: Public
• Sewer: Public Sewer

Financial

• Source: GCMLS2

This listing courtesy of Cory Bronenkamp, Acre Development, LLC