3bdrm Block of Flats in Ruiru Town, Old Junction for sale

This high-yielding investment property presents an exceptional opportunity in the thriving Old Junction area of Ruiru real estate. Situated opposite the Law Courts, this well-positioned block offers consistent rental income and excellent potential for capital appreciation.

Property Details:

• Total Units: 12 (9 apartments + 3 commercial spaces)
• Apartment Breakdown:
  • 3 units of 3-bedroom apartments in Ruiru @ KES 25,000/month
  • 5 units of 2-bedroom apartments @ KES 20,000/month
  • 2 units of 2-bedroom apartments @ KES 15,000/month
• Commercial Spaces:
  • 2 shops - one @ KES 10,000 and larger one @ KES 25,000/month
• Monthly Rental Income: KES 240,000
• Property Condition: Fairly used but well-maintained
• Furnishing: Unfurnished
• Toilets: 2 per unit

Location Advantages:

Located in the heart of Ruiru Town's Old Junction, just opposite the Law Courts, this property enjoys:

• High visibility and foot traffic
• Proximity to government offices and commercial centers
• Excellent transport connections
• Growing demand for quality rental units

With a current asking price of KES 30,000,000, this property offers an attractive 9.6% annual yield based on current rentals, with potential for rent increases. The mix of residential and commercial units provides diversified income streams and reduces vacancy risk.

Ideal for: Investors seeking stable rental income, portfolio diversification, or long-term capital growth in one of Kiambu County's fastest-growing areas like this prime investment property in Kiambu. Also consider exploring more apartments for sale in Kenya