- Property Status: For Sale , Investment opportunities
- Property type: Unfurnished Apartments
- Bedrooms: 3
- Bathrooms: 1
- Property ID: 5003
- General Property Type: Residential/Investment
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