907 White St # 5, Key West, FL 33040

$807,500 Asking Price

1 bed
1 bath
554  sqft
Built in 1938

Rare showing opportunity for this busy vacation rental. Schedule your personal showing for Sunday, May 5th.New Lower Price & Absolutely Ready to Sell! Condominium association insurance policies conforming to lender standards are now in place.Location, income, & historic charm in the heartbeat of Key West! Enjoy fresh tropical breezes & watch the passersby from your private front balcony, from this exceptional income producing property. Rare at this low price, the home features a full transient license allowing for unlimited nightly stays, without any rental restrictions or the unwanted potential for upcoming license expiration. The cozy home is completely furnished with all accessories, with a full kitchen & washer & dryer. French doors off the bedroom open to a private deck with a hot tub. This unit is located on the second floor of 1 of 2 historic buildings that comprise the 5 units at Palm Gardens Condominiums. The intimate community offers a heated swimming pool & courtyard. 907 White St. #5 can be purchased with 905 White #2 & 907 White St. #4 to form a lucrative portfolio of rental properties, with discounts available to the buyer when all 3 units are purchased. The property is professionally managed, and due to frequent guest occupancy, showings can only be accommodated on rental turnover days. Income statements for 2023 & 2024 are available with an NDA. A 3D Tour is available for your video tour requests.

Features & Amenities

Interior

General:
Dade County Pine,Window Treatments,Storage
Flooring:
Tile,Wood
A/C:
Ceiling Fans(s),Central Air

Exterior

General:
Fencing,Privacy Wall/Fence,Lighting,Hot Tub
Pool:
Yes, Concrete,In Ground,Other

Construction

Roofing:
Metal Roof

Location

County:
Monroe

Lot

Zoning:
HMDR - Historic Medium Density Residential, 9075331, 00024470-000105

Utilities

Utilities:
Cable Available,Water Separate Meter,Municipal Sewer,Elect Separate Meter,FKAA

This listing courtesy of:
Coldwell Banker Schmitt Real Estate Co. (KW), Vic Musmanno

About Key West, FL

Housing

Number of Units
17,193
Median Home Value
$691,198
Median Rent
$1,698

57.07% of housing units are renter occupied.

19.25% are vacant.

Commute

Car
63.42%
Public Transportation
0.78%
Walk to Work
6.60%
Work from Home
10.68%
Other
2.85%

The median travel time to work is 14 minutes.

People

Population
31,038
Median Age
43.40
Median Household Size
2.48

Education

High School
26.79%
Associate’s Degree
7.86%
Bachelor’s Degree
22.80%
Graduate Degree
13.76%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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