20bdrm Block of Flats in Ruiru Weirs 2Kms for sale

This high-yielding investment property presents an exceptional opportunity for investors seeking stable rental income in Ruiru's thriving real estate market. The well-maintained block consists of 18 bedsitters and 18 one-bedroom units, currently generating a combined monthly rental income of KSh 324,000.

Property Highlights:

• Prime Location: Situated in Ruiru Weirs, just 2km from Ruiru CBD (second row from tarmac)
• Property Composition:
  • 18 bedsitters @ KSh 7,000/month
  • 18 one-bedroom units @ KSh 11,000/month
• Land Size: 50x100ft (1/8 acre) plot
• Current Monthly Income: KSh 324,000
• Asking Price: KSh 35,000,000 (negotiable)
• Condition: Fairly used but well-maintained
• Furnishing: Unfurnished units

The property's strategic location in Ruiru Weirs offers convenient access to major roads, shopping centers, and educational institutions, making it highly attractive to tenants. With Ruiru's growing population and increasing demand for quality housing, this property promises excellent occupancy rates and potential for rental appreciation. Investors may also be interested in other investment properties in Kiambu County.

This turnkey investment requires minimal management while delivering consistent returns. The current rental rates are competitive yet below market value, offering room for income growth. Don't miss this chance to own a proven income-generating asset in one of Kiambu County's fastest-growing areas.