Kitengela Namanga road 01 Kitengela ( KE - 3455) Built

KES9,900,000 KES

Nairobi Real Estates Limited

Nairobi Real Estates Limited Nairobi Real Estates Limited 0725884003 (Office) 0725884003 (Cell) Request More Info

  • Type: Residential
  • Style: Multiplex
  • Bedrooms: 134
  • Bathrooms: 8
  • Development Level: Built
  • Lot Size: 0.5 acres

Description

0.5 Acre Plot for sale in Kitengela with 100k Rental Income. Invest for CashFlow and Price Appreciation

This property is strategically located for a mixed use development of commercial and residential use. It currently has several semi-permanent rental units ranging from Kes 700k to Kes 1000. This rent can be improved significantly with some improvements.

Also, the demand for

Location specifications
- Very close to the busy Namanga Road
- Located before East AFrica University
- Fronts two Access roads

Features of the Kitengela Property
- Two sides of the plot fronts Access roads, about 300ft
- Property measures 100ft x 200ft
- Has 134 units rental units some used as shops
- Rent in excess of Kes 100k per month
- Minimal improvements can bring yield of an extra 40-50%
- There is a huge demand for rental units in the area
- Water can be sold to residents an extra cost - Kes 5 per 20 litre
- Further development will yield higher income with small shops in the area rented at Kes 5k

A good rental investment with rental income and with higher potential income in the future. The property is strategically located and hence a viable real estate investment in Kenya.

Attachments

Features

Buying Options

  • Trades Considered
P2#286708921
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Information is deemed to be correct but not guaranteed.