Interior
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 865 sq ft
- Flooring
- Carpet, Tile
- Appliances
- Dishwasher, Electric Range, Disposal, Refrigerator
- Cooling
- Central Air, Ceiling Fans
- Heating
- Central
- Interior features
- Walk In Closets
Active · Condominium
$95,000
2801 Somerset Drive 401, Lauderdale Lakes, FL 33311
- Beds
- 2
- Baths
- 2
- Living area
- 865 sq ft
- $ / sq ft
- $110/sq ft
- Year built
- 1974
- Lot size
- —
- HOA fee
- $440 Monthly
- Annual tax
- $334
About this property
This 55+ unit in the Somerset community is waiting for you to move in and make it your own! Fresh paint, new carpet, and updated fixtures! Plenty of amenities to keep you active and busy! Quiet community for peace of mind and tranquility. Close to I-95 and the Turnpike, making shopping and the beaches minutes away! 50-year inspection passed and roof replaced in 2025. Schedule your showing today!
Property location
Get Directions2801 Somerset Drive 401, Lauderdale Lakes, FL 33311
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Facts & features
Exterior & Structure
- Property type
- Condominium
- Year built
- 1974
- Stories
- 4
- Lot size
- 0 sq ft
- Architectural style
- Other
- Construction
- Block
- Exterior features
- Balcony, Fence
- Pool
- Association, Community
- View
- Other, Water
Parking
- Covered spaces
- 0
- Parking features
- Assigned
HOA, Community & Financials
- Association fee
- $440 Monthly
- Fee inclusions
- Pest Control, Pools, Recreation Facilities
- Amenities
- Pool, Elevators
- Security
- Fenced
- Pets allowed
- No
- Annual tax
- $334
- Subdivision
- Somerset
- County
- Broward
- Days on market
- 234
- MLS listing ID
- F10555270
- Listing status
- Active
Virtual tour
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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
$618
- Cap rate
- 13.5%
- Net yield
- 13.5%
- Cash-on-cash return
- 27.9%
- Gross yield
- 23.0%
- Mortgage payment
- $450/mo
- Down payment
- $23,750
- Loan amount
- $71,250
- Annual NOI
- $12,820
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.