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    161 - 163 State St, , AL Mobile, AL 36603

    Sponsored
    Source: https://www.saltercompany.com
    For Sale
    $999,000

    Historic District, high-demand short-term rental

    Property size:
    4,400 SF

    Description

    Added:
    Feb 28, 2025
    Days on Market:
    312
    This exceptional 4,400 square foot multi-family complex, located in Mobile, Alabama's Historic Detonti Square District, presents a lucrative investment opportunity. 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.

    Property Features for 161 - 163 State St, , AL

    General Information

    Property type
    Multifamily properties
    Square Feet
    4,400 SF
    Price / Square Foot
    $227
    Class
    B
    Elevators
    N/A

    Building Details

    Year Renovated
    1875
    Buildings
    1
    Stories
    2
    Units
    4

    HighLights

    • Prime Downtown Mobile location, near major attractions and Dauphin Street.
    • Four‑unit, fully operational short‑term rental complex with immediate cash flow.
    • Two 2‑bed/2‑bath and two 2‑bed/1.5‑bath units in historic Detonti Square.
    Location Intelligence

    Current Use by Public Records

    Health Insurance Quotes Health Insurance Agency

    Suggested Use

    Realty agency Spa & Massage Dental Office Hair Salon Restaurant Nail Salon Building Supply Gym & Fitness Skin Care Clinic Clothing Store

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

    Location Insight

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

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    FAQs

    What type of property is this?
    Multifamily property - Historic District, high-demand short-term rental
    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.
    What are key features of this property?
    This property features: Prime Downtown Mobile location, near major attractions and Dauphin Street.; Four-unit, fully operational short-term rental complex with immediate cash flow.; Two 2-bed/2-bath and two 2-bed/1.5-bath units in historic Detonti Square.
    (314) 603-5686
    Request Owner's contact information
    161 - 163 State St, , AL Mobile, AL 36603
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    Mobile, AL 36603
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    161 - 163 State St, , AL Mobile, AL 36603
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