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Maendeleo House, Monrovia Street, Nairobi
info@lesama.co.ke

RUAKA APARTMENT BUILDING FOR SALE

KES50,000,000

Details

APARTMENT BUILDING FOR SALE, RUAKA 

APARTMENT BUILDING FOR SALE, RUAKA 

  • Rental Income: The apartment building already generates a total rental income of kes 400,000 per month. This means that the property is already established and has tenants in place, providing an immediate source of cash flow. Rental properties can be a profitable investment, as they offer the potential for ongoing income generation. With an existing rental income stream, you can start earning returns on your investment from the moment of purchase.

 

  • Location: Ruaka town’s location, just off Limuru Road, is highly advantageous. Limuru Road is a major transport route that connects Ruaka to Nairobi and other nearby areas. This proximity ensures good connectivity and accessibility, making the property attractive to potential tenants. A well-connected location can contribute to high occupancy rates and increased demand for rental units, providing a stable income stream for the apartment building.

 

  • Growth Potential: Ruaka town has experienced significant growth and development in recent years. The area has seen an increase in commercial and residential activities, leading to a rising demand for housing. Buying an apartment building in a growing location positions you to benefit from the increasing rental demand. As the area continues to develop, the value of the property may appreciate, potentially offering capital gains in the future.

 

  • Established Infrastructure: Since the apartment building is already constructed, the initial infrastructure is in place. This includes features such as plumbing, electrical systems, and common areas. By purchasing an existing apartment building, you avoid the time, effort, and potential challenges associated with starting a construction project from scratch. This allows you to start generating rental income immediately and focus on managing and optimizing the property.

 

  • Diversification: Investing in an apartment building provides diversification within your investment portfolio. Real estate investments can offer a stable and tangible asset that can balance the volatility of other investments such as stocks or bonds. Owning an apartment building can help spread the risk and provide a consistent income stream, adding stability to your overall investment strategy.

 

  • Potential for Value-Add: Depending on the condition and potential of the apartment building, there may be opportunities to add value and increase rental income. This can be achieved through renovations, upgrades, or optimizing rental rates. By improving the property or implementing effective property management strategies, you can potentially increase the rental income and enhance the overall value of the investment. This presents an opportunity to generate higher returns and improve the long-term profitability of the apartment building.

APARTMENT BUILDING FOR SALE, RUAKA 

  • It is located in Ruaka town, 100m off Limuru Road.
  • Total rental income is kes 400,000 per month.
  • The apartment is standing on an eighth-acre plot
  • With 38 bedsitters, fully occupied.
  • Tenure: Freehold Interest
  • Four Floors building

Price: KES 50M

Viewing is free and on arrangement.

0719 443 339  or 0700 215 848

Email: info@lesama.co.ke