Studio Block of Apartments Kitengela

A residential block of apartments for sale in kitengela, located just a few metres from Namanga highway and within the centre. The flat consists of 80 units in total,70 units of studio apartments and 10 units of 1 bedroom ,it sits on 0.037hectares with a ready title deed. The rental breakdown of the property is as follows;- 54 studios letting at ksh6,500 each per month each,10 studios letting at ksh6,000 each on the ground floor,2 studios at ksh8,000 each per month each,2 studios at ksh7,000 each per month and 10 units 1bedroom letting at ksh10k each per month. The other two units make up a store and the caretakers house. So the the total gross monthly income for the property is ksh541,500 and the flat is currently fully occupied. Amenities include;-

• Kitchen with Cabinets
• Underground water tank capacity of 30,000litres.
• overhead water tank capacity of 20,000litres.
• Rooftop terrace for hanging cloths.
• Water supply from three borehole sources connected.
• Prepaid electricity metres for each unit.

Asking price is ksh68M negotiable