For Sale
$999,000

161 - 163 State St, , ALMobile, AL 36603

4,400 SF Income-producing Short-term Rental 4-plex For Sale

Source: https://www.saltercompany.com

Overview

Added:
Feb 28
Days on market:
36
‘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. 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! It's setup to be fully transferrable...so on day 1, you're cash-flowing (all automatons, accounts, etc will be transferred at closing).

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

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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 unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
161 - 163 State St, , AL
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message