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!
Property Type(s):
Condo/Townhouse/Co-Op
|
Last Updated
|
3/27/2025
|
Tract
|
Pine Brook
|
|
Year Built
|
1830
|
County
|
Mobile - AL
|
SCHOOLS
| Elementary School |
Mobile - Other |
| Jr. High School |
Mobile - Other |
| High School |
Mobile - Other |
Price History
|
Prior to Mar 10, '25
|
$999,000 |
|
Mar 10, '25 - Mar 27, '25 |
$949,000 |
| Mar 27, '25 - Today |
$899,000 |
Additional Details
| AIR |
Central Air |
| AIR CONDITIONING |
Yes |
| APPLIANCES |
Dishwasher , Disposal, Dryer, Gas Range, Microwave, Refrigerator, Washer |
| BASEMENT |
None |
| CONSTRUCTION |
Brick |
| EXTERIOR |
None |
| HEAT |
Central |
| INTERIOR |
Other |
| LOT |
2422 sq ft |
| LOT DESCRIPTION |
Zero Lot Line |
| PARKING |
On Street |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| STORIES |
2 |
| STYLE |
Other |
| SUBDIVISION |
Pine Brook |
| TAXES |
5812 |
| UTILITIES |
Cable Available, Electricity Available, Natural Gas Available, Sewer Available |
| VIEW |
Yes |
| VIEW DESCRIPTION |
Other |
| WATER |
Public |
Location
Listing provided by Cory Bronenkamp with Cory Bronenkamp, Broker
All information provided is deemed reliable but is not guaranteed or warranted and should be independently verified. The data relating to real estate for sale on this web site comes in part from the IDX/RETS Program of the Gulf Coast Multiple Listing Service, Inc. IDX/RETSreal estate listings displayed which are held by other brokerage firms contain the name of the listing firm. The information being provided is for consumer’s personal, non-commercial use and will not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2003 Gulf Coast Multiple Listing Service, Inc. All rights reserved.
This IDX solution is (c) Diverse Solutions 2025.
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