Block of apartments for sale in kitengela CBD

This high-yield residential block offers the perfect blend of stability and growth. Strategically located within the bustling Kitengela municipality, the property is tailored for the "mid-market" tenant, ensuring 100% occupancy and a consistent rental income. Key Property Details Total Units: 28 Units 24 Spacious 1-Bedroom Apartments 4 Modern Bedsitters Plot Size: 50 by 100 ft (Standard 1/8th Acre) Monthly Income: KSh 250,000 Documentation: Clean Title Deed (Freehold), all approvals and land rates up to date. Investment Highlights Ready Cash Flow: Generate a gross annual income of KSh 3,000,000 from day one. Strategic Location: Situated within Kitengela Town, offering easy access to the Namanga Highway, major banks (KCB, Equity), and shopping malls like Kitengela Mall. High Demand Area: Kitengela is a preferred residential hub for Nairobi’s working class and staff from nearby industrial plants, ensuring a low turnover rate for tenants. Growth Potential: With the continued expansion of the Nairobi-Namanga road and the proposed commuter rail links, property values in this area are projected to appreciate by 8–10% annually. Building Features & Amenities Reliable Utilities: Connected to the main sewer line with a reliable water supply (borehole/tank storage) and KPLC tokens for all units. Security: Fully perimeter-walled with a secure gate and provisions for 24/7 guarding or CCTV installation. Accessibility: Located on a well-graded access road, just minutes from the main tarmac. Design: Modern finishes with tiled floors, inbuilt wardrobes for the 1-bedroom units, and optimized natural lighting. Investor’s Note: At a monthly income of 250K, this property offers a competitive capitalization rate compared to similar residential blocks in the Nairobi Metropolitan area. The "clean" documentation ensures a seamless transfer process.