Profitable 50 Unit Mixed Use Rental Apartment In Athiriver-Makadara For Joint Venture-120M- Ref-464
464
Property ID
Description
PROPERTY SEARCH ALERT
Are you a real estate investor, investor group, chama, or individual looking for a Profitable Rental Investment with low risks and great returns?
Come invest in a 50 unit Middle Income Tier Project
“Looking for Single or Consortium of Long Term Investors ready to invest in this SPECIAL PURPOSE VEHICLE investment.
.Invest only Ksh for a 50% share of this highly profitable 50 Unit profitable income generating rental investment project”
The developer has already aquired Land, and designed the project and all plans approved, impact assessments done. This project is ready for ground breaking and construction.
Product No “Target Sale Price
Ksh M” Total
2 BR 14 4 56
1 BR 24 2.5 60
Bedsitters 8 1 8
Shops 3 5 15
Pethhouse 1 6 6
50 145
Project Details
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Low rise 5 story development of 50 rental units. The rental incomes can vary from as low as Kes. 18000 for a 2 bedroom to as high as 25,000 for the same.
Location
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The property is in a buffer area between the affluent estates of Athiriver hosting the middle-income earners to the affluent gated communities of Kitengela.
WHY
Why Invest in this 50 unit profitable rental investment Joint Venture in Athi-river Kenya?
High profits low risk with an Expected rental yield of 8% and a payback period of 14 years.
Annual rent of Ksh in an area with 100% occupany close to
High demand area 5 mins from Nairobi/Mombasa highway and near 5 Cement factories
EPZ
This Development is a miidle income tier project ideal for young professionals, young families, and new couples looking for an affordable, safe and secure place to raise a family.
There are six cement factories located within the town: Bamburi Cement, Mombasa Cement, East Africa Portland Cement Company, Savannah Cement, National Cement and Athi River Mining. The town is home to a chewing gum factory owned by the Wrigley Company.
Near
There are also other notable companies within the town’s outskirts such as Doshi Steel, Mabati Rolling Mills, Seed Co., Kapa Oil Refineries and Devki Steel.
The area enjoys access to multiple educational, entertainment, religious and commercial centers, owing to the population growth within the area and proximity to Nairobi. Notable establishments include the Coloho Mall, Crystal Rivers, Safaricom Mall, and the Wattle Blossom Retreat Centre
Next Steps
Creation of the SPV
Identification of project consultants to implement the project i.e Tender RFP’s and selection
Contract administration for all the consultants
Detail Design for Interiors, Mechanical and Electrical systems
Execution of preliminary works, like constructions waterlines, power lines and sewage, Office, Labour camp; go down, communication facility etc.
Construction of Units
Furnishing
Marketing (To start as at least 3 months to issuance of occupation certificate)
.
Profitable 50 Unit Mixed Use Rental apartment in Athiriver-Makadara
This Apartment is good as either a home or an investment rental unit
Real estate is always about LOCATION LOCATION LOCATION
FEATURES
GROUND FLOOR and COMMON AMENITIES
• Lobby and entrance foyer
• HIGH-speed Lifts.
• Perimeter wall with an electric fence.
• Children’s play area.
• Cabro Fitted Parking lot (You get 2 slots).
• Underground freshwater supply
• Underground storage water tank
• Guard House
LIVING ROOM/Dining
• Open concept Lounge/Living/Dining area
• Sliding Door that Steps into a balcony
• Imported Tiles/Type of Flooring
KITCHEN
• Open Concept Spacious kitchen fitted with high-end cabinets and Pantry
• Granite Countertop
DSQ/SERVANTS QUARTERS
•Ideal for 1/2/3
•Comprising living area with cooking area
•Separate Toilet/Bathroom
•Side Entrance
•Dhoby Wash Area
•Plugin for Gas/Washing Machine plus clotheslines
2/3/4/5 BEDROOMS
• Shared/All ensuite with 3pc washroom with tub/shower
• Hardwood Flooring/Tiles
• Large/Casement Windows
• Full Length Fitted Wardrobes/Closet
• Coffered Ceilings/Potlights
MASTER BEDROOM
•All en-suite
•Wardrobe,
•3 pc bathtub/shower with sliding door to a balcony
Tags: profitable 50 unit mixed use rental apartment for joint venture, for Joint Venture, ,Makadara Apartment for Joint Venture
Joint Venture Opportunity Profitable 50 Unit Mixed Use Rental apartment in Athiriver-Makadara near Athi-river Primary School, Neema Plaza and on the Makadara-EPZ Road and Contact us immediately
Address
- Country: Kenya
- Province / State: Machakos
- City / Town: Athiriver
- Neighborhood: Makadara
- Property ID 464
- Price 60.0 M /= / 6
- Property Type Apartment
- Property status Joint Venture
- Year Built 7/19/1905
- Land area 0.17 Acres
- Label Hot Offer, Just Listed