Most rental investments ask you to wait years before they pay for themselves. This one's already there — 12 units, fully tenanted, generating roughly KSh 86,000 a month before you've spent a shilling on it.
It's a 40×60 ft plot in Matangi, Kwa Mundia, carrying four one-bedrooms, four large bedsitters and four studios — a tenant mix built to hold up through Ruiru's rental cycles rather than lean on one type of renter. Water runs, power's connected, the access road holds up.
On paper that's a gross yield around 10.3% against the asking price — solid, though worth running your own numbers on vacancy and upkeep before you lock it in, since that's before the usual costs of managing 12 doors. The seller's asking KSh 10M, down from 11M, and wants it moved.
Around it, Matangi keeps you close to what a rental block needs nearby — Matangi AP Police Post for security, Spur Mall and Equity Afia Healthcare for the everyday stuff, NIBS Preparatory School and College close enough to matter, with Thika Superhighway a short pull away.
This is a property that's already proven itself. The next owner just has to collect.
Plot Size: 40×60 ft
Units: 12 (4 one-bedroom | 4 large bedsitters | 4 studios)
Monthly Rental Income: ~KSh 86,000
Gross Yield: ~10.3%
Water & Electricity: Connected
Location: Matangi, Ruiru (Kwa Mundia)
Price: KSh 10M (reduced from 11M)
Ready to see the rent roll and walk the property? Talk to Roy