Description
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Description:
The subject property is a partially completed three-storey residential building situated on a quarter-acre plot in Kitengela, a rapidly growing area with significant potential for residential development. This building, when completed, is poised to offer an attractive opportunity for both individual homebuyers and investors seeking rental income due to its prime location and excellent scenic views.
Site and Location:
Location: Kitengela, a thriving residential and commercial area known for its connectivity and infrastructural development.
Site Size: 0.25 acres (quarter-acre), providing ample space for the building's development and future expansion.
Topography: The site offers some of the best scenic views in the region, which enhances the property's desirability for residential settlement.
Accessibility: The site is easily accessible via well-maintained roads, with close proximity to key amenities such as schools, shopping centers, hospitals, and transportation hubs.
Completion Status: The building is still under construction, but its current state provides a solid foundation and framework for completion.
Residential Capacity: Upon completion, the building will offer various configurations of residential units tailored for modern living standards, maximizing rental income potential.
Investment Opportunity:Rental Income Potential: Given the building’s location in an up-and-coming area of Kitengela, the demand for rental properties is high, making this a prime investment opportunity for generating steady rental income.
Return on Investment (ROI): Investors can expect a quick return on investment once the building is completed, with rental income providing immediate financial returns. The building's strategic location ensures high demand from tenants.
Market Demand: Kitengela's growing popularity as a residential hub, with increasing infrastructure development and improved amenities, ensures the property will attract prospective tenants quickly.
Strategic Advantages:Scenic Views: The building's location provides excellent views, which could be marketed as a key selling point for potential tenants, enhancing its rental appeal.
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Development Flexibility: The property offers flexibility in terms of design and layout, which can be adjusted based on current market trends and demand.
Short-Term Investment Recovery: With the completion of the building, investors are likely to see rapid rental income generation, ensuring a quicker return on investment.
In conclusion this three-storey which on completion will have two 2bedroom block and one 1bedroom block residential building in the prime area of Kitengela presents a unique investment opportunity for those seeking to capitalize on the area's growth and rental demand. Once completed, the building’s strategic location, combined with its potential for providing a steady rental income, makes it a lucrative option for investors looking to maximize returns in the short term
