2725 Somerset Dr | Lauderdale Lakes, FL 33311
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2725 Somerset Dr
Lauderdale Lakes, FL 33311
Somerset Lakes Condos · Multifamily Property For Sale
·
68 Units
INVESTMENT HIGHLIGHTS
- Attractive Seller Financing Available
- Approximately 20 Percent Upside in Rental Income
- Ease of Management Due to Condo Association
- Excellent Unit Mix of 68 Percent Two-Bedroom/Two-Bathroom Units
- Gated Entrances and Many Community Amenities
- Very Strong Fundamentals
PROPERTY FACTS
| No. Units | 68 | Building Size | 589,306 SF |
| Property Type | Multifamily | Average Occupancy | 80% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built | 1982 |
| Building Class | C | Parking Ratio | 3.05/1,000 SF |
| Lot Size | 20.87 AC | ||
| Zoning | RM-16 | ||
| No. Units | 68 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 20.87 AC |
| Building Size | 589,306 SF |
| Average Occupancy | 80% |
| No. Stories | 3 |
| Year Built | 1982 |
| Parking Ratio | 3.05/1,000 SF |
| Zoning | RM-16 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Heating
- Kitchen
- Refrigerator
- Satellite TV
- Oven
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Dining Room
- Vinyl Flooring
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Clubhouse
- Courtyard
- Laundry Facilities
- Pool
- Property Manager on Site
- Tenant Controlled HVAC
- Gated
- Elevator
- Maintenance on site
- Pond
- Sundeck
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | $1,488 | 748 |
| 1+1.5 | 16 | $1,505 | 835 |
| 2+2 | 46 | $1,660 | 1,010 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $33,760,610 | |
| Land Assessment | $2,372,450 | Total Assessment | $36,133,060 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$2,372,450
Improvements Assessment
$33,760,610
Total Assessment
$36,133,060
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