Description

**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!

• Property Type

  Residential

• County

  Mobile

• Style

  Other

• AD ID

  48685233