As the exclusive listing advisor, Kenya Homes is pleased to present the opportunity to acquire a property in a highly demanded, in-fill location. The Githurai Mwihoko Apartment Block is among the best located and best-maintained properties inGithurai Mwihoko, where a veritable hotbed of development is set in a family-oriented, values-focused neighbourhood community.
The CNN building boasts a serene environment and an ample amenity package. The property offers shops, bedsitters and one-bedroom, all sitting on one quaint tree-lined parcel that totals over an acre in size. The property recent and can significantly be upgraded.
The Githurai Mwihoko Apartment Block is located in Githurai Mwihoko. 6.3km from the Githurai roundabout. The building is accessed via Mwihiko road.
This development is perfect for an investor especially since there are schools around the area. We’ll break down the passive income you’ll likely receive if you buy this project.
The Income Breakdown:
Mwihoko flat consisting of 2Blocks and current income of Kes 194,500.
For the Completed units:
Ground floor 1 Shop @Kes.10,000
First floor 11 units bedsitter @Kes 5,500 and 2 units of 1 bedroom @Kes 7,500. A total of Kes.75,500
Second floor 6 units one bedroom @Kes 7,500 and two bedsitters @Kes 4,500. A total of Kes.54,000
The other block has 10 Units of bedsitters in total that are complete @Kes 5,500 each. A Total of Kes.55,000.
For the Uncompleted units:
Ground Floor on Block one:
4 Shops that go for Kes.10,000 each and the just need windows, doors, flooring & Painting. A total of Kes.40,000.
9 Bedsitters @5,500 doors and windows frames have been installed just interior finishing is left. A Total of Kes.49,500.
Ground floor 2nd Block:
4 Bedsitters @Kes.4,500 each making a total of Kes.18,000.
Note: The flat is approved to 4Floors so you can do bedsitters on the 4th floor a total of 20 Units on both Blocks. Will bring a Total of over Kes.100,000.