Interior
- Bedrooms
- 1
- Bathrooms
- 1
- Living area
- 748 sq ft
Active · Condominium
$89,900
2861 Somerset Drive 317, Lauderdale Lakes, FL 33311
- Beds
- 1
- Baths
- 1
- Living area
- 748 sq ft
- $ / sq ft
- $120/sq ft
- Year built
- 1974
- Lot size
- —
- HOA fee
- $395
- Annual tax
- —
About this property
WELL MAINTAINED 1 BEDROOM 1 BATHROOM CONDO IN THE 55+ GATED COMMUNITY OF SOMERSET, BRANDNEW A/C, THE ELECTRIC PANEL IS UPDATED TO THE NEW STANDARD, THE BALCONY IS ACCESSIBLE FROM THE BEDROOM AS WELL AS THE LIVING ROOM, WITH A BRANDNEW DOOR TO THE BALCONY. COMMUNITY IS GATED, LOTS OF AMENITIES, LARGE HEATED POOL, CLUBHOUSE WITH POOL TABLES, TENNISCOURTS, SHUFFLEBOARD, GYM, BARBEQUE AREA, ASSIGNED PARKING NO 7 IS DIRECTLY IN FRONT OF THE ENTRANCE,
Property location
Get Directions2861 Somerset Drive 317, 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
- $395
- County
- Broward
- MLS listing ID
- F10497743
- 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
$371
- Cap rate
- 10.6%
- Net yield
- 10.6%
- Cash-on-cash return
- 17.7%
- Gross yield
- 21.3%
- Mortgage payment
- $426/mo
- Down payment
- $22,475
- Loan amount
- $67,425
- Annual NOI
- $9,567
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.