An incredible investment opportunity awaits with these 12 neatly finished bedsitter units, situated on a 50 by 100 plot in Kibabii, Bungoma. The property is fully tenanted, generating a total monthly rental income of Ksh 54,000, with an average rent of Ksh 4,000 per unit. With an asking price of Ksh 3.6 million (negotiable), this property offers both immediate income and long-term financial growth.
Key Features:
- Location: Kibabii, Bungoma County
- Plot Size: 50 by 100
- Units: 12 bedsitters
- Monthly Income: Ksh 54,000 (Ksh 4,000 per unit)
- Asking Price: Ksh 3.6 million (negotiable)
- Finish: Neatly finished interiors
Investment Highlights:
- High Rental Demand: Located near Kibabii University and major amenities, these bedsitters are in constant demand, ensuring steady rental income.
- Property Appreciation: The land prices in Kibabii are appreciating at an average rate of 10% per year, meaning the value of your property will likely increase over time. This property not only generates rental income but also offers long-term financial growth as your equity increases with property appreciation.
- Ideal ROI Period: With a return on investment (ROI) period of approximately 6.94 years, assuming an 80% occupancy rate, this investment is within industry standards for rental properties, making it a solid and reliable choice.
Nearby Amenities:
- Close proximity to Kibabii University, schools, hospitals, and other key amenities, making this property attractive to both students and working professionals.
This property offers a rare combination of immediate rental income and long-term value appreciation, making it an ideal investment for anyone looking to grow their real estate portfolio in Bungoma.
For inquiries or viewing, contact us today!
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