Income-producing Short-term Rental 4-plex Downtown Mobile

‘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! 

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  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.

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  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.

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  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! 

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  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. 

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  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 Type: Multi-family, Short-Term Rental Complex
Number of Units: 4
Unit Mix:

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  161-A – 2 Bedroom/ 1.5 Bath

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  161-B – 2 Bedroom/2 Bath

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  163-A – 2 Bedroom/ 1.5 Bath

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  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