CASH ONLY! Spacious 2/2 Condo in gated community of Somerset Lakes, rented to long-term tenants at $1, 690 per month; month to month contract. Cap rate 8%!! Brand-new HVAC and water heater, less than 2 years old. Needs some TLC, offering value-add opportunity for savvy investors. This building has NO Age and NO rental restrictions, giving you full control on cash flows right away! Priced-to sell. Pics coming soon!
Property Features
Bedrooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Interior Features
- BedroomonMainLevel
- WalkInClosets
- Flooring: CeramicTile
Heating and Cooling
- Cooling Features: CentralAir
- Heating Features: Central
- Heating: Yes
Exterior and Lot Features
Garage and Parking
- Covered Spaces: 1
- Garage Spaces: 1
- Parking Features: OneSpace
Homeowners Association
- Association: Yes
- Association Amenities: Trash
- Association Fee: 575
- Association Fee Frequency: Monthly
- Association Fee Includes: CommonAreas
- Calculated Total Monthly Association Fees: 575
- Pets Allowed: No
Rental Info
Other Property Info
- Annual Tax Amount: 1852
- Source Listing Status: Active
- County: Broward County
- Tax Year: 2023
- Source Property Type: Residential
- Property Subtype: condo
- MLS Area Minor: Ft Ldale NW(3390-3400;3460;3540-3560;3720;3810)
- Source Neighborhood: SOMERSET LAKES CONDO
- Parcel Number: 494230BC0570
- Postal City: Lauderdale Lakes
- Postal Code Plus 4: 9374
- Subdivision: SOMERSET LAKES CONDO
- Property Subtype: Condominium
- Source System Name: C2C
Building and Construction
- Total Square Feet Living: 1010
- Year Built: 1981
- Building Area Total: 1010
- Construction Materials: Block
- Entry Level: 4
- Entry Location: 4
- Property Age: 43
- Property Attached: Yes
- Building Total Stories: 4
- House Style: Condo 1-4 Stories
Home Features
- Security Features: ComplexFenced, DoorMan, SecurityGuard