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1bdrm Block of Flats in Athi River for sale
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Athi River 4 views May 08, 2025
KES 23,600,000 Selling
Overview
| Last Updated | May 08, 2025 |
| Property ID | 18074570 |
| Category | Houses and Apartments for Sale |
| Number of bedrooms | 1 |
| Number of bathrooms | 1 |
| Price | KES 23,600,000 |
| Property Address | Athi river |
| Property Size | 210 sqm |
Description
Lucrative 6-Storey Bedsitter Investment in Athi River
This high-yield residential property presents an exceptional opportunity for investors seeking stable rental income in Machakos County's thriving Athi River area, conveniently located within Nairobi's Commuter Zone.
Property Highlights:
- Prime Location: Situated in Kanaani area, Athi River
- Generous Plot Size: 0.0203Ha (approx. 30x70) developed plot
- Impressive Structure: 6-storey block containing 44 bedsitter units
- Excellent Returns: Current rental income ~KES 250,000 monthly
- Investment Value: Priced at KES 23,600,000
Key Details:
The property is in fairly used condition with unfurnished units, ready for new ownership. Its strategic position in Athi River combines the advantages of:
- Proximity to Nairobi's economic hub
- Growing infrastructure development
- Strong rental demand from workers and students
- Potential for value appreciation
This turnkey investment property eliminates development hassles while offering immediate cash flow. The 44-unit configuration provides income stability through tenant diversification.
Investment Benefits:
With its established rental history and prime location, this property offers:
- Immediate rental income stream
- Low management overhead (single structure)
- Potential for rent increases and value appreciation
- Strategic position in Nairobi's expanding commuter belt
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