Description

Positioned in the vibrant and fast-growing area of Majengo, this fully occupied 10-unit apartment block on a 50×100 plot presents a compelling investment opportunity. Generating a steady monthly income of KES 110,000, with free water supply and a foundation designed for additional floors, this property is ideal for investors seeking immediate cash flow and long-term scalability in one of Malindi’s high-demand residential zones.

📍 Location Highlights

Located in Majengo, a well-established and densely populated area, this property benefits from consistent rental demand and excellent accessibility.

Strategic road frontage, ensuring ease of access and visibility
Situated within a high-demand rental neighborhood
Close proximity to Malindi town, schools, shops, and local markets
Well-connected to public transport routes
A vibrant residential environment with strong tenant retention

This prime positioning enhances both occupancy rates and long-term property appreciation.

🌟 Property Features

This apartment block is thoughtfully structured to maximize rental yield while offering flexibility for future development.

Plot Size: 50×100 (ideal for efficient development and expansion)
Total Units: 10 apartments
- Ground Floor:
  - 6 one-bedroom units renting at KES 10,000 each
- First Floor:
  - 4 two-bedroom units renting at KES 15,000 each
Monthly Rental Income: KES 110,000
Free water supply, a major advantage that enhances tenant appeal and reduces utility costs
Road frontage, increasing accessibility and long-term commercial value
Strong structural foundation engineered to support additional floors
Well-organized layout ensuring optimal use of space and tenant convenience

This configuration caters to a wide tenant base, ensuring consistent occupancy and income stability.

🏝️ Lifestyle & Comfort

The property offers practical, comfortable living spaces designed to meet the needs of modern tenants in Majengo.

Residents enjoy:

Affordable, well-sized apartments suitable for individuals, couples, and small families
Easy access to daily necessities including shops, schools, and transport
A lively and community-oriented neighborhood environment
Reduced living costs due to free water provision, a highly valued feature

The mix of one-bedroom and two-bedroom units ensures versatility, attracting a diverse tenant profile and enhancing long-term occupancy.

💼 Investment Potential

This property stands as a high-performing income-generating asset with both immediate and future financial benefits.

Guaranteed monthly rental income of KES 110,000
Opportunity to increase rental yield through periodic adjustments or upgrades
Significant expansion potential, with a foundation already designed for additional floors
Strong and consistent tenant demand in Majengo
Road frontage offers potential for mixed-use or commercial enhancement
Competitive asking price of KES 35 Million, aligned with income and growth potential

For investors, this is a strategic acquisition offering steady cash flow today and scalable returns tomorrow.

🌐 Why Choose Majengo, Malindi

Majengo continues to emerge as a key residential hub within Malindi, attracting both tenants and investors.

High population density ensuring constant rental demand
Affordable housing market with strong occupancy levels
Proximity to Malindi town and essential services
Growing infrastructure supporting long-term development
Increasing property values driven by urban expansion

Majengo offers the perfect balance of affordability, accessibility, and investment potential—making it a smart choice for forward-thinking investors.

✅ Key Selling Points

Fully occupied 10-unit apartment block
Monthly rental income of KES 110,000
50×100 plot with efficient land use
Free water supply enhancing tenant retention
Road frontage for accessibility and added value
Expandable structure with foundation for additional floors
Located in a high-demand rental area
Competitive price of KES 35 Million

Closing Call to Action

Secure a property that combines immediate income, long-term growth, and expansion potential in one of Malindi’s most active rental markets. Opportunities like this are rare and highly sought after by serious investors.

📞 +254 724 568 989
📧 info@mkaazirealestate.com