Coldwell Banker Home Page
Local Realty Service Provided By: Coldwell Banker Smith Homes, Realtors
Property view
Listing view 2
Listing view 3

161 State Street, 
Mobile, AL 36603

$825,000


8

Beds


10

Baths


4,620

Sq Ft


Condo

Active

Listed by

Cory Bronenkamp

Cory Bronenkamp, Broker

314-603-5686

Last updated:

July 18, 2025, 02:10 PM

MLS#

7529148

Source:

AL MAAR

About This Home

161 State Street

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!

Home Facts

Condo

10 Baths

8 Bedrooms

Built in 1830

Price Summary

825,000

$178 per Sq. Ft.

MLS #:

7529148

Last Updated:

July 18, 2025, 02:10 PM

Added:

5 month(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

8

Bathrooms

Total Bathrooms:

10

Full Bathrooms:

8

Interior

Living Area:

4,620 Sq. Ft.


Structure

Structure

Architectural Style:

Other

Building Area:

4,620 Sq. Ft.

Year Built:

1830


Lot

Lot Size (Sq. Ft):

2,421


Finances & Disclosures

Finances

Price:

$825,000

Price per Sq. Ft:

$178 per Sq. Ft.

Source:AL MAAR
The information being provided by Mobile Area Association of REALTORS is for the consumer’s 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 information is deemed reliable but not guaranteed and should therefore be independently verified. © 2025 Mobile Area Association of REALTORS All rights reserved.

Contact an Agent

Yes, I would like more information from Coldwell Banker. Please use and/or share my information with a Coldwell Banker agent to contact me about my real estate needs.

By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.

 

Contact an Agent

Yes, I would like more information from Coldwell Banker. Please use and/or share my information with a Coldwell Banker agent to contact me about my real estate needs.

By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.