Interior
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 1,010 sq ft
Active · Condominium
$65,000
2840 Somerset Drive 403, Lauderdale Lakes, FL 33311
- Beds
- 2
- Baths
- 2
- Living area
- 1,010 sq ft
- $ / sq ft
- $64/sq ft
- Year built
- 1980
- Lot size
- —
- HOA fee
- $638
- Annual tax
- —
About this property
Motivated seller—bring all offers! This well-maintained 2-bed, 2-bath condo in the desirable 55+ Somerset at Lauderdale Lakes is the best-priced unit of its kind and ready for a new owner's touches. Located on the 4th floor for a unique perspective and potential views, it features a spacious split-bedroom layout, tile floors throughout, and central A/C. Super clean and move-in ready, this home is set within a secure gated community with plenty of parking and easy access to major highways, shopping, and restaurants—offering exceptional value and convenience. Credit Score minimum is 630 for purchaser.
Property location
Get Directions2840 Somerset Drive 403, Lauderdale Lakes, FL 33311
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Facts & features
Exterior & Structure
- Property type
- Condominium
- Year built
- 1980
- Lot size
- 0 sq ft
Parking
Not provided in the MLS listing.
HOA, Community & Financials
- Association fee
- $638
- County
- Broward
- MLS listing ID
- F10526733
- 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
$648
- Cap rate
- 17.7%
- Net yield
- 17.7%
- Cash-on-cash return
- 42.7%
- Gross yield
- 36.9%
- Mortgage payment
- $308/mo
- Down payment
- $16,250
- Loan amount
- $48,750
- Annual NOI
- $11,477
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.