Distress Sale: Block of Flats in Ongata Rongai

Distress Sale: Block of Flats in Ongata Rongai Near Siron Hotel | Ksh 28M Only

Presenting a rare distress sale opportunity in the heart of Ongata Rongai. This income-generating block of flats sits just 500 meters off Magadi Road. It is also within close proximity to Siron Hotel, one of Rongai’s most recognizable landmarks. Consequently, this property offers unbeatable accessibility. Moreover, the asking price is a remarkable Ksh 28 Million. Therefore, this represents exceptional value, significantly below its Ksh 60 Million market value.

The property occupies a quarter-acre plot. Furthermore, it comprises 16 residential units with a proven income stream. Most compelling, however, is the unmatched development potential. Specifically, the plot has ample space to construct an additional block of a similar size. As a result, you could effectively double your rental income.

Current Unit Composition & Monthly Income:

16 two-bedroom units at Ksh 20,000 each generate Ksh 320,000 per month.

Total Monthly Rental Income stands at Ksh 320,000.

Key Highlights include:

16 residential units, all two-bedroom
Built on a quarter-acre plot
Prime location, being 500m off Magadi Road near Siron Hotel
Massive development potential with sufficient space for a similar block
Distress price of Ksh 28 Million, valued at Ksh 60 Million
Easy access to Magadi Road and Rongai town center amenities
Additionally, proximity to schools, shopping centers, and public transport

Investment Analysis:

At the distress price of Ksh 28 Million, this property offers an exceptional gross rental yield. Investors also benefit from immediate income from day one. Furthermore, the additional development space means you can potentially double your returns. Consequently, this creates one of Rongai’s most profitable residential investments.

Location Advantages:

Situated near Siron Hotel along the Magadi Road corridor, this property thrives in Ongata Rongai’s rapid growth zone. The area serves as a preferred residential hub for Nairobi professionals. Additionally, the location enjoys excellent road connectivity. Residents also benefit from proximity to malls like Maasai Mall and Tuskys. Finally, reputable schools and healthcare facilities are easily accessible.

Asking Price: Ksh 28,000,000. This is a distress sale, valued at Ksh 60M.

Contact – UrbanGreen Real Estate
Call/WhatsApp: +254 759 822 955
Email: sales@urbangreenrealestate.co.ke
Visit: www.urbangreenrealestate.co.ke

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