A Stand Along Massionet With Semi -Permanent Houses for Sale

This income-generating commercial property presents an excellent investment opportunity in the sought-after St Marys Estate, Langata. Currently operating as a profitable hostel, the property offers immediate cash flow with significant potential for redevelopment into high-rise apartments.

Property Highlights:

• Prime Location: Situated along Molala Lane behind Langata Otiende Shopping Centre, directly touching the tarmac road
• Existing Income Stream: Generates KES 70,000/month from one main house and several semi-permanent rental units
• Excellent Infrastructure: Property includes a private borehole for reliable water supply
• Development Potential: Ideal for conversion to high-rise apartments (subject to approvals)
• Secure Parking: Ample parking space available on premises
• Property Type: Commercial Hostel (Fairly Used, Unfurnished)

Investment Details:

Priced at KES 22,000,000, this property represents a strategic investment in Nairobi's growing Langata neighborhood. The current rental income provides immediate returns while the land value appreciation and redevelopment potential offer long-term gains.

The location benefits from excellent accessibility, being just behind the Langata Otiende Shopping Centre with all necessary amenities within easy reach. The property's current configuration as a hostel makes it ideal for educational institutions or workforce housing investors.