12bdrm Bungalow in Bombolulu for sale

This 15-unit property presents an exceptional investment opportunity in the thriving neighborhood of Bombolulu, Kisauni, Mombasa. Currently generating KES 200,000 in monthly rental income, this well-maintained bungalow offers both immediate cash flow and long-term appreciation potential.

Property Details:

• Property Type: Bungalow (Fairly Used)
• Units Breakdown:
  • 6 commercial shops
  • 6 one-bedroom apartments
  • 3 bedsitter units
• Title: Freehold (Absolute Ownership)
• Occupancy: Fully tenanted (Stable Income)
• Facilities: 10 toilets, 24-hour electricity
• Furnishing: Unfurnished

Key Features:

The property boasts a strategic location in Bombolulu, Kisauni, a rapidly developing area with growing demand for both residential and commercial spaces. The freehold title provides complete ownership rights, making this an even more valuable asset. With multiple income streams from diverse unit types, this property offers built-in risk diversification.

Investors will appreciate the consistent rental income that nearly covers financing costs while waiting for capital appreciation. The property's fairly used condition means it's move-in ready for tenants while allowing room for value-add improvements.

Price: KES 20,000,000 (Negotiable for serious buyers)