1bdrm Block of Flats in Prisons Road, Gitothua for sale

This 66-unit apartment block presents an exceptional investment opportunity in the rapidly developing Gitothua area of Ruiru, just off Prisons Road. The property currently generates substantial rental income with diverse unit options to cater to various tenant needs, including bedsitters in Ruiru and 1-bedroom units.

Property Details:

• Unit Mix:
  • 12 x 1-bedroom units @ KES 16,000/month
  • 12 x bedsitters @ KES 14,000/month
  • 42 x bedsitters @ KES 12,500/month
• Current Monthly Income: KES 885,000
• Property Type: Block of Flats
• Condition: Fairly Used (Well-maintained)
• Furnishing: Unfurnished
• Toilets: 1 per unit

Location Advantages:

Strategically located in Gitothua, this property benefits from:

• Proximity to major transport routes including Prisons Road
• Growing residential and commercial development in Ruiru real estate
• Easy access to Nairobi through Thika Road
• Near essential amenities: schools, markets, and shopping centers

With Ruiru experiencing significant growth and urbanization, this property offers both immediate cash flow and long-term appreciation potential. The existing rental income provides an excellent return on investment while allowing for future value-added improvements.

Asking Price: KES 112,000,000

Ideal for investors looking to expand their portfolio with a turnkey income-generating property in one of Kiambu County's most promising areas. Explore more investment properties in Kiambu. Serious inquiries only.