Serviced 10 Bed Apartment with En Suite in Mtwapa

🏗️ MTWAPA – UNCOMPLETED APARTMENT COMPLEX FOR SALE Modern Apartments Block – Mtwapa, Kilifi County Title No: Mainland North/III/11841 ⸻ 💰 Price Kshs 15,000,000 Approx. USD 115,000 (Exchange rate @ Kshs 130 per USD) ⸻ 📍 Property Overview photos.app.goo.gl/hNY1wyKfctnEJqhq5 Discover a prime investment opportunity in the vibrant and fast-growing area of Mtwapa, Kilifi County. This property comprises a partially completed modern apartment complex, strategically located in the KMA area, approximately 283 metres east of the Mombasa–Malindi Highway and close to Mtwapa Town Centre. The project sits on 0.0988 acres (0.04 hectares) of freehold land and includes approved five-floor building plans—complete with County and NEMA approval—making it ideal for a residential rental development or Airbnb investment. ⸻ 🏗️ Development Details The construction is approximately 60% complete, with the ground floor fully plastered inside and outside and first floor is not plastered, All approvals for an additional two more floors. Current Construction Status • Substructure & Superstructure for ground floor and first floor complete. • Ground Floor full plastered inside and outside & First Floor not plastered. • Roof: Reinforced concrete slab in place • Ceilings: Ground floor plastered • Electrical & Plumbing: Conduits and piping partially installed • Finishes: Pending ⸻ 🛏️ Accommodation Breakdown (As Built) Ground Floor • Three-room apartment with two bathrooms • One-room apartment with one bathroom First Floor • Five (5) one-room apartments, each with its own bathroom Total Existing Units • 7 apartments • 9 beds Expansion Potential Approved plans allow construction of two additional floors, providing space for 10 more apartments, bringing the total potential to 17 units. ⸻ 📐 Approximate Total Built-Up Area 4,835.15 sq. ft. ⸻ 🏡 Property Features • Tenure: Freehold • Title: Clean and registered (Mombasa Lands Registry) • Water: On-site borehole well • Electricity: Connected to the mains • Drainage: Septic tank & soak pit • Access Road: 50m from tarmac (Mombasa–Malindi Road), murram surface • Boundary: Coral stone wall & double metal gate • Parking: Large, covered, and accessible parking area • Occupancy: Vacant (under construction) ⸻ 🌍 Neighbourhood & Market Outlook Located in a quiet and secure neighbourhood characterized by modern apartments, private residences, and serviced plots. Proximity to Mtwapa Town Centre, schools, hospitals, and shopping areas enhances its rental and Airbnb potential. Real estate in Mtwapa continues to grow due to tourism, improved infrastructure, and the rising demand for affordable housing. ⸻ 🔑 Investment Highlights • Freehold title deed • County & NEMA-approved 5-floor plans • Construction 65% complete • Existing 7 apartments with potential to reach 17 • Excellent location close to the highway • High rental yield & capital appreciation potential • Ideal for developers seeking a near-finished project ⸻ 💰 Property Price Kshs 15,000,000 Approx. USD 115,000