12bdrm Block of Flats in Mtwapa for sale

Prime Commercial-Residential Investment in Mtwapa CBD

This high-yielding property presents an exceptional investment opportunity in the heart of Mtwapa's bustling central business district. The fairly used block of flats offers immediate rental income potential with its ideal configuration of commercial and residential units.

Property Features:

• 22 total units: 11 commercial shops + 11 bedsitter apartments
• Prime location: Direct access to tarmac road, in Mtwapa CBD
• Expansion potential: Additional room for property growth
• Excellent facilities:
  • 24-hour reliable electricity
  • 10 shared toilets
  • Tiled flooring throughout
  • Balcony spaces
• Sturdy construction: Well-maintained block of flats
• Unfurnished units: Ready for tenants to customize

The property boasts excellent accessibility and visibility, being situated along the tarmac road in Mtwapa's commercial hub. Its dual-use configuration provides diversified income streams, with shops attracting daytime commercial tenants and bedsitters catering to residential occupants.

Investment Highlights:

With Mtwapa's growing economy and constant demand for both commercial and affordable residential spaces, this property offers consistent rental income and long-term appreciation potential. The existing configuration already generates substantial returns, while the expansion space provides future value-add opportunities.

Priced at KES 20,000,000, this represents a value purchase for investors looking to acquire a turnkey income-generating asset in one of Kilifi County's most dynamic locations.