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2820 & 2830 Somerset Dr
Lauderdale Lakes, FL 33311 Lauderdale Lakes West Gate

$9,500,000 USD

Apartments For Sale  •  64,308 SF

Property Details

  • Property Type Apartments
  • Total Building Size 64,308 SF
  • Lot Size 0.21 AC
  • Building Class C
  • Year Built 1981
  • Cap Rate 5.08 %
37 Transit Score
41 Walk Score

Highlights

Attractive Seller Financing Available
Excellent Unit Mix of 68 Percent Two-Bedroom/Two-Bathroom Units
Approximately 20 Percent Upside in Rental Income
Gated Entrances and Many Community Amenities
Ease of Management Due to Condo Association
Very Strong Fundamentals

Property Flyers

Financial Summary (Actual)

Net Operating Income: $482,794 USD (2024)
Cap Rate: 5.08 %
Total Expenses: $779,905 USD

Amenities

  • 24 Hour Access
  • Balcony
  • Clubhouse
  • Courtyard
  • Dishwasher
  • Microwave
  • Pool
  • Tenant Controlled HVAC
  • Kitchen
  • Refrigerator
  • Oven
  • Carpet
  • Pond
  • Walk-Up
  • Smoke Detector

Public Transportation

Commuter RailDriveWalkDistance
Fort Lauderdale (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail)) 10 min - 4.1 mi
Fort Lauderdale (Mainline - Brightline) 11 min - 5.1 mi
AirportDriveWalkDistance
Fort Lauderdale/Hollywood International 17 min - 9.5 mi
Miami International 54 min - 34.7 mi
Felipe Echarte 954-245-3400 Marcus & Millichap
Felipe Echarte 954-245-3400 Marcus & Millichap