This Multifamily Property is no longer advertised on LoopNet.com.

1940 Bay Dr
Miami, FL 33141
Shanti House · Multifamily Property For Sale · 23 Units

Property Facts

No. Units 23
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.81 AC
Building Size 40,290 SF
Average Occupancy 100%
No. Stories 2
Year Built 1955
Parking Ratio 0.64/1,000 SF
Zoning RMF15 - The 35,400 sq ft lot features income-producing units and RM-1 zoning, allowing for luxury condos or subdivision into four uniquely zoned Single-Family

Amenities

Unit Amenities

  • Air Conditioning
  • Heating
  • Ceiling Fans
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower

Site Amenities

  • 24 Hour Access
  • Laundry Facilities
  • Playground
  • Tenant Controlled HVAC
  • Walk-Up
  • Smoke Detector

Property Taxes

Property Taxes

Parcel Number
02-3210-002-1200
Land Assessment
$4,071,000
Improvements Assessment
$1,169,000
Total Assessment
$5,240,000
  • Listing ID: 36921725

  • Date on Market: 7/25/2025

  • Last Updated:

  • Address: 1940 Bay Dr, Miami, FL 33141

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