Block of Apartments for Sale

Block of Apartments with Strong Rental Returns & Redevelopment Potential – Eastleigh, Nairobi

We present a lucrative investment opportunity: a block of 46 fully-occupied apartments along Mohammed Yusuf Haji Avenue in Eastleigh, Nairobi. Located just 3 minutes from the vibrant BBS Mall, this property offers both immediate cash flow and significant growth potential.

Key Investment Highlights

• 46 Apartments: Each unit is a 3-bedroom apartment, sold as a block for KES 345 million (equivalent to KES 7.5M per apartment).
• Market Upside: Comparable 3-bedroom units in the area retail for over KES 10M, offering an opportunity for capital gains.
• Rental Income: All apartments are currently fully occupied, generating KES 55,000 per month per unit, translating to a 9% annual rental yield—higher than typical market rates.
• Turnkey Investment: This property offers hassle-free ownership with steady income from day one.

Additional Redevelopment Potential

• Undeveloped Land: The property includes nearly half an acre of unused space, ideal for building additional apartments or mixed-use developments.
• Vertical Expansion: Opportunity to add more floors to the existing structure, increasing rental inventory and income.
• On-site Mosque: The property features Masjid Noor, adding community value to the asset.

This investment offers a rare combination of strong immediate returns and future redevelopment potential. Whether you’re looking to capitalize on rental income or unlock further value through expansion, this property offers exceptional versatility.

Price: KES 345 Million

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