Miale Classic Rental Your Gateway to Financial Freedom

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KITI Area, Nakuru Town East 3 views Dec 09, 2024

KES 10,800,000 Selling

Overview
Last Updated Dec 09, 2024
Property ID 18797359
CategoryCommercial Property for Sale
PriceKES 10,800,000
Property TypeHostel
Square Metres5000 sqm
Description

Lucrative Hostel Investment Opportunity in KITI, Nakuru

This high-yield commercial property presents an exceptional opportunity for investors seeking stable, passive income in Nakuru's thriving real estate market. Located in the strategically positioned KITI area of Nakuru Town East, this hostel property is already generating KSh 90,000 in monthly income.

Property Highlights:

  • Prime Location: Situated in Nakuru Town East's KITI area - ideal for student housing or workforce accommodation
  • Proven Income Generator: Currently yielding KSh 90,000 per month in rental income
  • Competitively Priced: Asking price of KES 10,800,000 (negotiable)
  • Property Type: Commercial hostel building
  • Condition: Fairly used but well-maintained
  • Furnishing Status: Unfurnished - ready for your customization

This turnkey investment property offers the perfect balance of immediate cash flow and long-term appreciation potential. The KITI area's growing demand for affordable accommodation makes this hostel particularly attractive for:

  • Real estate investors seeking passive income
  • Entrepreneurs looking to enter the student housing market
  • Portfolio diversification

With Nakuru's booming education sector and increasing urbanization, this property represents a smart investment with multiple expansion possibilities. The current configuration allows for easy upgrades to increase rental income further.

Don't miss this limited opportunity to own an income-producing asset in one of Nakuru's most promising neighborhoods. Contact us today to schedule a viewing and discuss terms.





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