Ngong – Matasia | KES 100M (Negotiable)

An exceptionally high-yield real estate investment is now available in the rapidly growing residential hub of Matasia. This well-maintained apartment block offers immediate cash flow with significant untapped potential for further development.

Property Overview

• Unit Configuration: 16 Two-Bedroom Units
• Land Size:5 Acre (Half Acre)
• Location: 2nd Row from Ngong-Matasia Road
• Current Monthly Income: KES 320,000
• Asking Price: KES 100,000,000 (Negotiable)

Key Investment Highlights

1. Exceptional Location & Accessibility

Situated just a stone’s throw from the main Ngong-Matasia Road, the property enjoys the perfect balance of proximity to transport links and the quiet of a second-row position. It is easily accessible via public transport and is close to all major social amenities including schools, hospitals, and shopping centers.

2. Proven Income Stream

The property is currently fully operational, generating a consistent monthly rental income of KES 320,000. This provides an immediate return on investment from the day of acquisition.

3. Massive Development Potential

Sitting on a spacious half-acre plot, the property offers significant “value-add” opportunities:

• Expansion: Sufficient land remains to construct additional units or blocks to increase the density and monthly yield.
• Modernization: Room for aesthetic improvements to the existing 16 units to command higher premium rents.
• Diversification: Potential to add amenities such as a convenience store or additional parking to serve the growing tenant base.

4. Security & Environment

The property is located in a secure, high-demand residential neighborhood with a perimeter wall and reliable utility connections, ensuring low vacancy rates and tenant stability.

Financial Summary

• Annual Gross Income: KES 3,840,000
• Investment Type: Buy-to-Let / Value-Add Development
• Title Status: Clean and ready for transfer