2bdrm Apartment in Kyangombe ., Kitengela for sale

This uncompleted 2-bedroom apartment in Kyangombe, Kitengela presents a fantastic investment opportunity with high returns. Situated on two combined 1/8 plots, the property offers immense potential for developers or investors looking to capitalize on Kitengela's booming real estate market.

Property Highlights:

• Prime Location: Situated in Kitengela Town, Kajiado County, a rapidly growing area with high demand for apartment housing.
• Spacious Layout: Features 2 bedrooms, 2 toilets, balcony, and kitchen cabinets.
• Development Potential: Phase one (incomplete) sits on one 1/8 plot, while phase two has its foundation done and covered on the other 1/8 plot.
• Approvals in Place: Fully approved by NEMA and the local council, ensuring a smooth development process.
• Lucrative Returns: Expected rental income of approximately KES 1.25M per month upon completion.
• Ample Parking: Spacious parking lot on the ground floor for convenience.

Investment Details:

The current valuation for completing the project is around KES 55 million, inclusive of the empty plot. A fully completed project (Bill of Quantities) is estimated at KES 99 million, offering significant value appreciation.

Infrastructure is already in place with a septic tank and soak pit dug between the two phases, ensuring hassle-free development. This property is ideal for investors seeking high-yield opportunities in investment properties. For those interested in similar properties, explore our selection of 2-bedroom homes in Kitengela.