Reyo Apartments

Reyo Apartments: A High-Yield Commercial Investment in Ukunda

Located in the vibrant town of Ukunda, Kwale, Reyo Apartments offers a rare blend of immediate income and future development potential. This terraced duplex property spans a 1/4-acre plot, with 17 self-contained studios occupying just half the land.

Property Highlights:

• 17 Studio Apartments: Each unit features electricity, en-suite bathrooms, and borehole water supply
• Income-Producing: 8 units currently tenanted generating steady rental income
• Expansion Ready: 1/8 acre of undeveloped land ideal for additional units
• Secure Parking: 3 dedicated parking spaces with security
• Prime Location: Situated in Ukunda's growing commercial hub

The property is in fairly used condition and offered unfurnished, allowing new owners to customize to their preferences or maintain the existing setup. With its combination of current cash flow and development potential, this is an exceptional opportunity for investors looking to enter or expand in Ukunda's thriving real estate market.

Asking Price: KES 10,500,000 - Excellent value for a commercial property of this size and income potential in Ukunda.