Prime Mini-Flat on Sale, Ngumba

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Ngumba Estate, Kasarani 3 views May 26, 2023

KES 20,000,000 Selling

Overview
Last Updated May 26, 2023
Property ID 13399932
CategoryCommercial Property for Sale
PriceKES 20,000,000
Square Metres3577 sqm
Description

Lucrative Commercial Plaza Investment in Prime Ngumba Estate

This fully let, income-generating mini-flat plaza presents an exceptional investment opportunity in the thriving Ngumba Estate neighborhood of Kasarani, Nairobi. Currently generating Ksh 180,000 in monthly income, this commercial property offers immediate cash flow along with significant potential for expansion and increased returns.

Property Highlights:

  • 9 fully furnished two-bedroom units each renting at Ksh 20,000/month
  • Established rental income of Ksh 180,000 per month
  • Expansion potential - provisions for adding three more floors
  • Fairly used commercial plaza in good condition
  • Prime location in Ngumba Estate with high tenant demand
  • Title deed available for seamless transfer

The property's current configuration as nine two-bedroom units makes it ideal for residential rental income, while the commercial zoning and expansion potential allow for future development possibilities. The units come fully furnished, reducing vacancy periods and making this a turnkey investment opportunity.

Ngumba Estate continues to experience strong growth in both population and infrastructure development, making this an excellent time to secure this income-producing asset at the competitive asking price of KES 20,000,000. The existing rental income provides an attractive yield while the vertical expansion potential offers substantial upside.

Don't miss this chance to own a proven income generator in one of Kasarani's most desirable neighborhoods!





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