12bdrm Block of Flats in Bamburi for sale

This well-maintained block of 32 one-bedroom flats presents an exceptional investment property opportunity in the highly sought-after Bamburi area of Mombasa. Currently fully occupied and generating a consistent monthly rental income of approximately KSh 500,000, this property offers both immediate cash flow and long-term appreciation potential.

Property Features:

• 32 units of practical 1-bedroom layouts
• 10 shared toilets maintained in good condition
• Reliable borehole water supply ensuring constant water availability
• 24-hour electricity with pre-paid meters for easy management
• Functional kitchen shelves and wardrobes in each unit
• Durable tiled flooring throughout the property

Prime Location Advantages:

Strategically situated in Bamburi, Mombasa, this property enjoys:

• Walking distance to public transport routes
• Close proximity to supermarkets, retail outlets, and local markets
• Easy access to schools and educational institutions
• Nearby recreational facilities and beaches

The property is in fairly used condition with all essential systems functioning properly. As an unfurnished block of flats, it offers flexibility for future upgrades or modifications to enhance rental yields.

Asking Price: KSh 52,000,000 - An excellent value considering the current rental income and location advantages. Ideal for investors looking for a turnkey income-producing property in Mombasa's thriving rental market.