Residential Income Property with Screened
For Sale
$365,000
1702 Silverleaf Oak Court, Palm Beach Gardens, FL 33410
Updated interior features porcelain tile, stainless appliances, and a split bedroom layout.
Property Size1,152 SF
Price / SF$316.84
Days on Market70
Property Features for 1702 Silverleaf Oak Court
General Information
Standard status
Active
Size
1,152 SF
Property subtype
Quadruplex
Taxes and HOA fees
Annual Taxes
$4,827
Building Details
Building Size
1,152 SF
Year Built
1991
Listing Agency:
Illustrated Properties LLC (Co
(561) 444-7256
Listed By:
Alexander Fink · License #3392032
(561) 444-7256
Source:
Pposf
Added: May 27
Changed: Aug 3
Last Checked: Aug 3 at 6:06AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Illustrated Properties LLC (Co
Investment Insights
Based on property information with market context.
This 1,152 SF residential income property was built in 1991 and offers a split-bedroom arrangement that can function as two primary suites. Interior improvements include porcelain tile throughout, stainless steel appliances, updated counters, a breakfast bar, decorative backsplash, newer blinds, fresh paint, and updated lighting, fans, and door hardware. The screened lanai measures 23'x23' and includes a covered section and storage closet. Furnishings are negotiable.
The property is within walking distance of the community pool and spa, with sidewalks throughout the community. The fee includes basic cable, pool access, lawn care, and roof maintenance. Parking spaces #222 and #224 are assigned. Leasing is prohibited during the first year, followed by a 120 day minimum lease limited to 1X per year. Pet restrictions allow 2 pets under 25 lbs. each.
The property is within walking distance of the community pool and spa, with sidewalks throughout the community. The fee includes basic cable, pool access, lawn care, and roof maintenance. Parking spaces #222 and #224 are assigned. Leasing is prohibited during the first year, followed by a 120 day minimum lease limited to 1X per year. Pet restrictions allow 2 pets under 25 lbs. each.
Key Highlights
- 1,152 SF residential income property built in 1991
- 23'x23' screened lanai with covered area and storage closet
- Split‑bedroom plan that can accommodate 2 master suites
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.7k | $29.28 |
| − Vacancy | −$1.5k | −$1.32 |
| EGI | $32.2k | $27.96 |
| − OpEx | −$14.5k | −$12.58 |
| NOI | $17.7k | $15.38 |
1,152 SF · lease $29.28/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$253.1K
$221.5K – $295.3K
NOI $17,717 @ 7.0% cap · market cap 4.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$811.3K
$709.9K – $946.5K
NOI $56,791 @ 7.0% cap · market cap 15.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,506
Businesses Nearby
Explore this area
Business Placement
Demographics for 33410, FL
35,946
Population
17,830
Households
2
Avg Household Size
47
Median Age
47%
College-Educated
95%
High-School Grad
11.4 sq mi
ZIP Area
3,153
Density / Sq Mi
$96,059
Median Household Income
$47,169
Median Earnings
$2,193
Median Rent
$469,100
Median Home Value
Market
Average Price Trend$/SF for Residential income properties in Palm Beach County, FL
Properties on Market for Residential income properties in Palm Beach County
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Updated interior features porcelain tile, stainless appliances, and a split bedroom layout.
Where is this residential income property located?
The property is located at 1702 Silverleaf Oak Court Palm Beach Gardens, FL.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: 1,152 SF residential income property built in 1991; 23'x23' screened lanai with covered area and storage closet; Split‑bedroom plan that can accommodate 2 master suites
