For Sale
$999,000

161 - 163 State St, , AL Mobile, AL 36603

Historic District, high-demand short-term rental

Source: https://www.saltercompany.com

Overview

Added:
Feb 28
Days on market:
57
This exceptional 4,400 square foot multi-family complex, located in Mobile, Alabama's Historic Detonti Square District, presents a lucrative investment opportunity. The property, encompassing two addresses within a single building, currently operates as a thriving short-term rental. It features two 2-bedroom, 2-bathroom units and two 2-bedroom, 1.5-bathroom units. Its prime location offers easy access to Dauphin Street, the convention center, the cruise terminal, and the upcoming Civic Center, capitalizing on Mobile's burgeoning tourism and entertainment sectors. The property's proximity to Mardi Gras festivities further enhances its appeal. This turnkey operation offers immediate cash flow potential, with all automated systems and accounts seamlessly transferable at closing. This is an ideal acquisition for investors or owner-operators seeking a fully operational, high-return short-term rental asset in a rapidly growing market. The property is situated in Mobile County, Alabama, with a zip code of 36603.

Highlights

  • Prime Downtown Mobile location, near major attractions and Dauphin Street.
  • Four-unit, fully operational short-term rental complex with immediate cash flow.
  • Two 2-bed/2-bath and two 2-bed/1.5-bath units in historic Detonti Square.

Property Details for 161 - 163 State St, , AL

Property type
Live-work space, Mixed-use properties
Square Feet
4,400 SF
Price / Square Foot
$227.05
Class
B
Year Renovated
1875
Buildings
1
Stories
2
Elevators
N/A
Units
4

Location Insight

City
Mobile
County
Mobile
State
Alabama

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FAQs

What type of property is this?
Live-work space - Historic District, high-demand short-term rental
Where is the live-work space located?
The property is located at 161 - 163 State St, , AL Mobile, AL.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Prime Downtown Mobile location, near major attractions and Dauphin Street.; Four-unit, fully operational short-term rental complex with immediate cash flow.; Two 2-bed/2-bath and two 2-bed/1.5-bath units in historic Detonti Square.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
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(314) 603-5686

Contacts

Paul Salter
Visit Broker Website

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161 - 163 State St, , AL
Mobile, AL 36603

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161 - 163 State St, , AL
Mobile, AL 36603

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

161 - 163 State St, , AL
  • Paul Salter
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