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161 - 163 State St AL Mobile, AL 36603

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For Sale
$999,000

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

Property size:
4,400 SF
Added:
Feb 28, 2025
Days on Market:
410
Last Refresh:
Mar 16 at 9:06 am

Property Features for 161 - 163 State St AL

General Information

Standard status
Active
Property type
Multifamily properties, Live-work space, Other mixed-use properties, Residential income properties, Mixed-use properties
Size
4,400 SF
Class
B
Elevators
N/A

Building Details

Year Renovated
1875
Buildings
1
Stories
2
Units
4

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Listing Contact
Paul Salter

Listing agent Paul

Listing office

Listing date Feb 28, 2025


Overview

Downtown Mobile Four-Plex Investment

This 4,400 square foot multi-family complex is located in Mobile, Alabama's Historic Detonti Square District. The property, encompassing two addresses within a single building, currently operates as a thriving short-term rental. It features two 2-bedroom, 2-bathroom units and two 2-bedroom, 1.5-bathroom units. Its prime location offers easy access to Dauphin Street, the convention center, the cruise terminal, and the upcoming Civic Center, capitalizing on Mobile's burgeoning tourism and entertainment sectors. The property's proximity to Mardi Gras festivities further enhances its appeal. This turnkey operation offers immediate cash flow potential, with all automated systems and accounts seamlessly transferable at closing. This is an ideal acquisition for investors or owner-operators seeking a fully operational, high-return short-term rental asset in a rapidly growing market. The property is situated in Mobile County, Alabama, with a zip code of 36603. It is located near major attractions and Dauphin Street.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Health Insurance Quotes Insurance Agency

Suggested Use

Real Estate Agency Spa & Massage Center Dental Office Hair Salon Restaurant Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Mobile
County
Mobile
State
Alabama
Longitude
-88.044488
Latitude
30.695523

FAQs

What type of property is this?
Multifamily property - 4,400 SF Income-producing Short-term Rental 4-plex For Sale
Where is this multifamily property located?
The property is located at 161 - 163 State St AL Mobile, AL.
What is the asking price?
The asking price for this property is $999,000.
More about this property
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