2841 Somerset Dr 305, Lauderdale Lakes, FL 33311 — MLS photo

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2841 Somerset Dr 305, Lauderdale Lakes, FL 33311

Active · Condominium

$65,000

2841 Somerset Dr 305, Lauderdale Lakes, FL 33311

Beds
1
Baths
1
Living area
748 sq ft
$ / sq ft
$87/sq ft
Year built
1974
Lot size
—
HOA fee
$337
Annual tax
—

About this property

Welcome to 2841 Somerset Dr, Apt 305, a charming 1-bedroom, 1-bath condo located in the desirable Somerset community in Lauderdale Lakes. This well-maintained unit offers approximately 748 square feet of comfortable living space, thoughtfully designed to maximize both functionality and comfort. Step inside to find a bright and inviting living area that flows seamlessly into the dining space, creating an open and airy feel. The kitchen provides ample cabinetry and workspace, making it both practical and efficient for everyday living. The spacious bedroom offers generous closet space and a ?????, relaxing atmosphere, while the bathroom is clean and well-kept. Enjoy added living space with a private screened balcony—perfect for morning coffee or unwinding in the evening. The unit also includes assigned parking and additional storage for convenience. Located within a gated 55+ community, Somerset offers resort-style amenities including a clubhouse, swimming pool, fitness center, tennis courts, and social areas, providing an active and engaging lifestyle. Residents benefit from a secure environment and beautifully maintained grounds. Whether you’re looking for a seasonal retreat, investment opportunity, or full-time residence, this condo delivers excellent value and low-maintenance South Florida living.

Property location

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2841 Somerset Dr 305, Lauderdale Lakes, FL 33311

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Facts & features

Interior

Bedrooms
1
Bathrooms
1
Living area
748 sq ft

Exterior & Structure

Property type
Condominium
Year built
1974

Parking

Not provided in the MLS listing.

HOA, Community & Financials

Association fee
$337
County
Broward
MLS listing ID
A11987848
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

$524

Cap rate
15.4%
Net yield
15.4%
Cash-on-cash return
34.6%
Gross yield
28.2%
Mortgage payment
$308/mo
Down payment
$16,250
Loan amount
$48,750
Annual NOI
$9,991

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