• 8 bath , 134 bdrm multiplex – FOR SALE KES9,900,000 .
in Kitengela, Kitengela
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
– 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.