620 SW SEVENTH ST, FORT LAUDERDALE, FL 33315 For Sale

Now offered with a $100,000 PRICE REDUCTION, this legal 6-unit Tarpon River multifamily asset presents an even stronger opportunity for investors seeking proven income, immediate cash flow, and long-term upside in one of Fort Lauderdale’s most desirable urban neighborhoods.

Rare legal 6-unit multifamily asset in highly desirable Tarpon River, one of Fort Lauderdale’s most supply-constrained and rapidly appreciating rental markets. The property generated strong 2025 income of $195,000 and offers an 8.58% cap rate at the new reduced price.

The property features four spacious 1-bedroom / 1-bath units and two studio units on an 8,075 SF lot. A major tenant appeal is that all four 1-bedroom units include private fenced backyards, creating a rare single-family-home feel within a multifamily investment.

The property is being sold fully furnished, with furniture, appliances, and existing operational setup included, allowing a new owner to benefit from income from day one. Extensive renovations and capital improvements were completed in 2018/2019 with permits, enhancing long-term operational stability.

Additional features include six separate electric meters and one master water meter. Ideally located minutes from Downtown Fort Lauderdale, Las Olas, Brightline, the beaches, airport, major employment corridors, restaurants, and entertainment.

With the new $100,000 price improvement, this asset is now positioned even more competitively for investors seeking a legal, income-producing 6-unit property in a prime Fort Lauderdale location.

A rare opportunity to acquire a fully furnished, income-producing multifamily asset with strong in-place income, stable rental demand, future upside, and long-term appreciation potential.