161 State St Mobile, AL 36603

‘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! Investment Highlights 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 Description Property Type: Multi-family, Short-Term Rental Complex Number of Units: 4 Unit Mix: 161-A – 2 Bedroom/ 1.5 Bath 161-B – 2 Bedroom/2 Bath 163-A – 2 Bedroom/ 1.5 Bath 163-B – 2 Bedroom/ 2 Bath Building Size: 4,400 Square Feet – Each unit roughly 1,100 square feet Year Built: 1830’s Renovation History: 3 of the 4 units have gone through extensive renovations including new roof on entire building in late 2023 Parking: Free. Anywhere along the street Additional Features: Secure Entry off the Street, Laundry in each Unit Booking Platforms: AirBnb, Booking.com, VRBO/HomeAway starsonstate.staydirectly.com ***Owner is a licensed real estate agent in the state of Alabama ***Income/expense figures are estimates. Full economics and flyer available upon request.