161 State St Mobile, AL 36603
Property details
About 161 State St
**Re-listing after fixing errors in the listing**...................‘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!
Highlights
Summary
- MLS Number: 7529148
- MLS Name: GCMLS2
- Office Name: Cory Bronenkamp, Broker
- Listing Agent: Cory Bronenkamp
Information is provided by Gulf Coast Multiple Listing Service, Inc. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright © 2025 Gulf Coast Multiple Listing Service, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/12/2025, 6:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$949,000
161 State St
$10,000
closing credit¹
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0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jul 17, 2023 | Home Sold | $610,000 |
| Sep 21, 2021 | Home Sold | $525,000 |
| Jun 20, 2018 | Home Sold | $292,500 |
| Jul 11, 2017 | Home Sold | $393,000 |
| Dec 21, 2005 | Home Sold | $251,300 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $62,780 | $3,998 |
| 2022 | $61,120 | $1,953 |
| 2021 | $57,280 | $1,832 |
| 2019 | $57,880 | $3,675 |
| 2018 | $40,160 | $2,550 |
| 2017 | $25,060 | $1,591 |
History based on county public records data.
Nearby schools
4
Howard Elementary School
Public District PK-5
0.8 mi
•957 Dr Martin L King Jr Ave
10
W H Council Traditional School
Public Magnet PK-5
1.6 mi
•751 Wilkinson St
6
Leinkauf Elementary School
Public District PK-5
1.9 mi
•1410 Monroe St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $13,259. Typical income of Mobile, AL residents is less than $<35k annually. Most families are single, no kids. Typical level of education for residents in this area is high school diploma.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
NHRA Drag Racing
UFC- Pro Boxing
Where do the neighbors shop?
Big Lots
Family Dollar
Burlington
Where do the neighbors go to eat?
Golden Corral
Burger King
Popeyes
What do the neighbors drive?
Kia
Buick
Dodge
What do the neighbors listen to?
Adult Standards
Urban Contemporary
Jazz
Frequently asked questions
About 161 State St
This home is located at 161 State St in Mobile, AL and zip code 36603 in the Central Business District neighborhood. Features: 8 bedrooms, 10 bathrooms. It has been listed on Rocket Homes since February 22, 2025 and is currently priced at $949,000.
In February 2025 more than 8 listings in Mobile, AL were sold above the asking price. During the same period more than 9 listings were sold at asking price, while more than 30 were sold below. The number of homes for sale in Mobile, AL increased by 29.5% between January and February 2025.