$825,000
$174K PRICE DROP

161 State St Mobile, AL 36603

Midtown Mobile Neighborhood

Estimated payment $5,029/month

Total Views 31,799
8 Beds
10 Baths
4,620 Sq Ft
$179 Price per Sq Ft

Highlights

  • 2 Fireplaces
  • Zero Lot Line
  • Central Heating and Cooling System

About This Home

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!

Listing Agent

Cory Bronenkamp

Acre Development, LLC License #122116-1 Listed on: 02/22/2025

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,812

Year Built

  • Built in 1830 | Remodeled

Lot Details

  • 1 Common Wall
  • Zero Lot Line

HOA Fees

  • $149 per month

Parking

  • On-Street Parking

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 4,620 Sq Ft Home
  • 2-Story Property
  • 2 Fireplaces

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

Laundry

  • Laundry in Hall
  • Dryer
  • Washer

Home Security

Utilities

  • Central Heating and Cooling System
  • 110 Volts
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 2906400002069

Community Details

Overview

  • 4 Units
  • Pine Brook Subdivision

Security

  • Carbon Monoxide Detectors

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,812

Year Built

Built in 1830 | Remodeled

Lot Details

0

HOA Fees

$149 per month

Listing Details

  • Standard Status: Active
  • Property Type: Residential
  • MLS Status: Active
  • Property Sub Type: Condominium
  • Property Condition: Updated/Remodeled
  • Year Built: 1830
  • Levels Stories: Two
  • Special Features: None

Property Details

  • Property: Residential Attached

Interior Features

  • Number Of Fireplaces: 2
  • Appliances: Dishwasher, Disposal, Dryer, Gas Range, Microwave, Refrigerator, Washer
  • Common Walls: 1 Common Wall
  • Additional Rooms: Other
  • Square Footage: 4620.00
  • Spa Features: None
  • Window Features: None

Beds/Baths

  • Total Bedrooms: 8
  • Main Bedrooms: 4
  • Total Bathrooms: 10
  • Total Full Baths: 8
  • Total Half Baths: 2
  • Main Full Bathrooms: 4
  • Main Half Bathrooms: 1

Exterior Features

  • Construction Materials: Brick
  • Roof Type: Shingle
  • Pool Private: No
  • Foundation: Slab

Garage/Parking

  • Parking Features: On Street

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Security: Carbon Monoxide Detector(s)
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: In Hall
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Available
  • Electric: 110 Volts

Condo/Co-op/Association

  • Master Association Fee: 1785
  • Master Association Fee Frequency: Annually
  • Subdivision Complex: PINE BROOK

Association/Amenities

  • Number Of Units In Community: 4

Schools

  • Elementary School: Mobile - Other
  • Middle School: Mobile - Other
  • High School: Mobile - Other

Lot Info

  • Acres: 0.0556
  • Lot Features: Zero Lot Line
  • Lot Dimensions: x
  • Parcel Number: 2906400002069
  • Horse Amenities: None
  • Land Lease: No
  • Property Attached Yn: Yes

Green Features

  • Green Energy Generation: None

Tax Info

  • Taxes: 5812.00
  • Assessor Parcel Number: 29-06-40-0-002-069.
  • Tax Year: 2024

MLS Schools

  • Elementary School: Mobile - Other
  • High School: Mobile - Other
  • Middle School: Mobile - Other

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/18/2025 07/18/25 Price Changed $825,000 -8.2% $179 / Sq Ft
03/27/2025 03/27/25 Price Changed $899,000 -5.3% $195 / Sq Ft
03/10/2025 03/10/25 Price Changed $949,000 -5.0% $205 / Sq Ft
02/22/2025 02/22/25 For Sale $999,000 -- $216 / Sq Ft
Source: Gulf Coast MLS (Mobile Area Association of REALTORS®)

Source: Gulf Coast MLS (Mobile Area Association of REALTORS®)

MLS Number: 7529148

Gulf Coast MLS (Mobile Area Association of REALTORS®)

APN: 29 06 40 0 002 069.XXX

Alabama Mobile County Mobile 36603 Midtown Mobile

161 State St, Mobile, AL

This home is located at 161 State St, Mobile, AL 36603 and is currently priced at $825,000, approximately $178 per square foot. This property was built in 1830. 161 State St is a home located in Mobile County with nearby schools including Westlawn Elementary School, Booker T. Washington Middle School, and Murphy High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Gulf Coast MLS (Mobile Area Association of REALTORS®) IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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Listing Agent
Cory Bronenkamp
Acre Development, LLC