Githurai Mwihoko Apartment Block

Description

The Githurai Mwihoko Apartment Block is located in Githurai Mwihoko. 6.3km from the Githurai roundabout. The building is accessed via Mwihiko road.

In close proximity are Mwihoko Primary School, PEFA Church, as well as shopping centres. With basic and social amenities nearby, the property is a hotbed for investment.

Additionally, the area is well developed which means there is ample security.

Property Features:

Shops
Bedsitters
One-bedroom
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 3 Floors 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.