1141 NW 140th Ter, Miami, FL 33168

HIGH-EQUITY VALUE-ADD OPPORTUNITY IN NORTH MIAMI | $260k+ SPREAD TO ARV!

Attention investors, builders, and experienced renovators! Welcome to 1141 NW 140th Ter, a prime real estate play in the high-demand 33168 ZIP code. Positioned on a generous 7,855 sq. ft. lot, this property offers an established $620,000 After Repair Value (ARV)

Current Configuration & Revenue:

• Main House: 2 Bedrooms / 1 Bathroom (1,281 sq. ft. living area)

• Efficiency Unit #1: 1 Bed / 1 Bath (Month-to-month tenant @ $1,200/mo)

• Efficiency Unit #2: Studio / 1 Bath (Tenant @ $1,200/mo through October)

• Total In-Place Cash Flow: $2,400/month

The Repositioning Strategy:

Collect holding income while finalizing plans and permits! The property is being sold as-is, with existing unpermitted efficiency conversions that will require demolition to bring the structure back into full municipality compliance. The buyer will assume open violation/lien cases (Case #s 20240232886 & 20230224458).

The Upside:

Budget for efficiency demolition, lien resolution, and a full interior/exterior renovation to unlock massive equity. Once brought to compliance and fully updated into a modern 3–4 bedroom single-family home or legal layout, this property will command top-of-the-market resale value or high long-term rental yield.

Location:

Centrally located near I-95, US-1, Aventura, and Downtown Miami. Minutes from schools, shopping, and major transport corridors.

Note: Property delivers vacant at closing. Buyer to perform due diligence and assume all existing open violations, liens, and compliance obligations.