Interior
- Bedrooms
- 1
- Bathrooms
- 1
- Living area
- 748 sq ft
Active · Condominium
$77,000
2831 Somerset Dr 206, Lauderdale Lakes, FL 33311
- Beds
- 1
- Baths
- 1
- Living area
- 748 sq ft
- $ / sq ft
- $103/sq ft
- Year built
- 1974
- Lot size
- —
- HOA fee
- $345
- Annual tax
- —
About this property
Welcome to your new home! This stunning condo features 1 spacious bedroom and 1 updated bathroom, all with tile flooring throughout. This home offers generously sized bedrooms with plenty of closet space, and a screened-in balcony for your relaxation, with a door that connects the master bedroom to the balcony. Enjoy low monthly maintenance fees in this vibrant 55+ gated community, offering 24/7 security and an array of activities and amenities. Stay active with a heated pool, exercise room, tennis courts, billiards, pickleball, BBQ area, and much more. Located in a prime area, you’re close to everything you need and just 15 minutes from the beach. Please note, no rentals are allowed for the first 3 years. Contact us today to schedule a tour and make this your new home!
Property location
Get Directions2831 Somerset Dr 206, Lauderdale Lakes, FL 33311
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Facts & features
Exterior & Structure
- Property type
- Condominium
- Year built
- 1974
Parking
Not provided in the MLS listing.
HOA, Community & Financials
- Association fee
- $345
- County
- Broward
- MLS listing ID
- A11621833
- Listing status
- Active
Investment intelligence
Yield & ROI calculator
Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.
Estimated monthly cash flow
$470
- Cap rate
- 13.0%
- Net yield
- 13.0%
- Cash-on-cash return
- 26.2%
- Gross yield
- 24.3%
- Mortgage payment
- $365/mo
- Down payment
- $19,250
- Loan amount
- $57,750
- Annual NOI
- $10,023
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.