2bdrm Block of Flats in Kamakis Estate for sale

Lucrative 36-Unit Residential Investment in Kamakis Estate

This newly-built block of 36 semi-furnished 2-bedroom flats presents an exceptional investment opportunity in the thriving Kamakis neighborhood of Ruiru. Currently generating KES 720,000 in monthly rental income (each unit at KES 20,000), this property offers immediate cash flow for savvy investors.

Property Highlights:

• Prime Location: Situated along Kamakis Bypass in the desirable Kamakis Estate corner
• Excellent Rental Yield: Consistent demand from tenants in this well-connected area
• Modern Amenities:Each unit features:
  • Two well-appointed bathrooms (en suite in master bedroom)
  • Fully-equipped kitchen with cabinets, shelves, and dishwasher
  • Spacious living/dining area with tiled floors
  • Pop ceilings throughout
  • Ample wardrobe space
  • Private balcony
• Reliable Utilities: 24-hour electricity via pre-paid meters, hot water system, and private borehole for uninterrupted water supply
• Turnkey Operation: All legal documents available and in order for seamless transfer

The property boasts multiple income streams with potential for both long-term rentals and short-term Airbnb-style accommodations given its proximity to major transport routes and local amenities. Its strategic location along the bypass ensures excellent visibility and easy access for tenants.

Currently offered at KES 80,000,000, this represents an attractive price point for the scale and earning potential of the property. The existing rental income provides an immediate 10.8% annual return, with upside potential from rental increases and value appreciation.