• multiplex – FOR SALE KES4,950,000 .
in Kitengela, Athi River
1/4 Acre Plot for sale in Kitengela with Temporary Houses. This property for sale in Kitengela is about 200 metres off Namanga road before East Africa University. It has several temporary houses with a good rental yield. With Further improvements, this rent can be significantly increased.
It is a good property for those looking for properties that can appreciate gradually while at the same time, enjoying a good rental income. This would be a good property to develop rental apartments which are in demand in the area.
Details of the property
– Measures 100ft x 100ft
– The development of rooms is adjacent another 1/4 Acre also developed with temporary houses
– Have 70 temporary rooms sharing an ablution block (which is on the second plot)
– Rents are in the range of Kes 700-800 and total income of above Kes 50,000 per month
– The property can be developed by installing concrete floors, and electricity connection and this will improve rental yield by about 40-50%.
– Elecricity is a few metres from the plot
– There is a huge demand of rental houses in this area
Note: The buyer would need to make some modificiations, and develop its own ablution block. The buyer can also opt to purchase both plots at Kes 10m and with a rental income of over Kes 100k per month.