Cays Realty
2801 Somerset Drive 101, Lauderdale Lakes, FL 33311 — MLS photo

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2801 Somerset Drive 101, Lauderdale Lakes, FL 33311

Active · Condominium

$65,000

2801 Somerset Drive 101, Lauderdale Lakes, FL 33311

Beds
2
Baths
2
Living area
865 sq ft
$ / sq ft
$75/sq ft
Year built
1974
Lot size
—
HOA fee
$430 Monthly
Annual tax
$2,550

About this property

Discover comfortable and convenient living in this spacious 2-bedroom, 2-bath gated condo located on the first floor of the desirable Somerset Phase 1 community. Enjoy tranquil views of the lush garden and BBQ area from your enclosed patio. The open floor plan features a bright and welcoming atmosphere, generously sized bedrooms, ample storage, and easy first-floor access—no stairs required. Ideally situated just a 20-minute drive to beautiful beaches and close to transportation, shopping, dining, and entertainment. Subject to seller addendum. All offers are subject to OFAC clearance. Auction Starts-07/27/2026 and ends on 07/29/2026. HOLD FOR 3 YEARS BEFORE LEASING PER HOA.

Property location

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2801 Somerset Drive 101, Lauderdale Lakes, FL 33311

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Facts & features

Interior

Bedrooms
2
Bathrooms
2
Living area
865 sq ft
Flooring
Tile
Appliances
Some Gas Appliances, Built In Oven, Electric Range, Gas Range, Self Cleaning Oven
Cooling
Central Air, Electric
Heating
Central, Electric
Interior features
Bedroom On Main Level

Exterior & Structure

Property type
Condominium
Year built
1974
Stories
4
Lot size
0 sq ft
Architectural style
Garden Apartment
Roof
Composition, Shingle
Construction
CBSConcrete Block Structure, Block
Exterior features
Courtyard, Fence
Pool
None, Association, Community
View
Garden

Parking

Covered spaces
0
Parking features
Assigned

HOA, Community & Financials

Association fee
$430 Monthly
Fee inclusions
Common Area Maintenance, Pools, Sewer, Trash, Water
Amenities
Clubhouse, Pool
Security
Fenced, Security Guard
Pets allowed
No
Annual tax
$2,550
Subdivision
SOMERSET NO SEVEN CONDO
County
Broward
Days on market
204
MLS listing ID
B26009496
Listing status
Active

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Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

$512

Cap rate
15.1%
Net yield
15.1%
Cash-on-cash return
33.7%
Gross yield
32.0%
Mortgage payment
$308/mo
Down payment
$16,250
Loan amount
$48,750
Annual NOI
$9,839

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.