+254 716 304996
NYALI Beach Road, Mombasa, Kenya
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Income-Generating 4-Unit 3 Bedroom Apartments for Sale

Mtwapa, Kenya
Ksh 18,000,000

Details

3 Bedroom Apartments for Sale

Discover a lucrative investment opportunity in this income-generating property consisting of four spacious 3-bedroom units and an additional 1-bedroom unit. Situated in a serene and secure environment, this property is perfect for investors seeking steady rental income with the potential for capital appreciation.

Property Features

This well-maintained property offers a range of modern amenities that attract tenants and ensure hassle-free management:

  • Master en suite bedrooms in all 3-bedroom units, providing comfort and privacy for tenants.
  • A serene environment with beautifully maintained surroundings, perfect for those seeking tranquility.
  • Secure location, offering peace of mind to both tenants and landlords.
  • Adequate water supply from a reliable borehole, ensuring that water shortages are never a concern.
  • The property is fully tiled, giving it a modern, clean finish that tenants appreciate.
  • Clean corridors and well-maintained common areas add to the appeal of the apartments.
  • Parking available for tenants, enhancing convenience and attracting long-term residents.

Income Potential

This property is an excellent investment with immediate income potential:

  • Four 3-bedroom units, each rented out for KES 25,000 per month.
  • An additional 1-bedroom unit, rented for KES 10,000 per month.
  • Total monthly rental income is KES 110,000, which is subject to appreciation over time as demand in the area grows.

Why Invest in This Property?

At a competitive asking price of KES 18 million, this property offers an attractive return on investment. With freehold title ownership, the property guarantees long-term value. The rental market in this area is steadily growing, and the potential for year-on-year appreciation makes this investment even more appealing.

For more details on similar properties or to explore the surrounding area, check it out here or contact us to book a viewing. Curious about Mtwapa History?

Property Highlights

  • Property Status: For Sale
  • Property Type: Apartments
  • Neighborhood/Location: [call us on +254 716 304996 to find out]
  • General Property Type: Residential/Investment
  • Features: Master En Suite, Serene Environment, Borehole, Fully Tiled, Parking, Clean Corridors
  • Bedrooms: Four 3-bedroom units, One 1-bedroom unit
  • Bathrooms: [Adjust based on property specifics if available]
  • Property Size: [Estimate size or note “contact for details”]
  • Rental Income: KES 110,000 per month (subject to appreciation)
  • ID: 5003
  • Published: October 10, 2024
  • Last Update: October 10, 2024
  • Views: 39