These are 2 plots sitting next to each other in Tassia.
Price per plot is kes 5m
Neighbourhood has 1,2 and bedsitter apartments in 4 to 6 floor levels.
Each plot measures approximately 10m by 20m.
Each plot has approximately 10 bedsitter units per floor.
For 5 floor levels, each plot can accomodate 50 bedsitter units.
Public sewer is connected to the site, hence reducing the costs associated with construction of septic tanks. The road networks are also well maintained, with close proximity to the main tarmac road leading to Kenya Army Embakasi Barracks.
Return on Investment.
Each floor level construction cost is 4.2m. For 5 floor levels, this works out to approximately 21m.
Rental income.
Assuming rent of kes 7,000 per month for a bedsitter, 50 bedsitters will bring in kes 350,000 per month. This works out to kes 4.2 million per year.
Assuming total cost inclusive of land for investment as kes 26 million, the return on investment will be 6.1 years. This is quite impressive as most real estate investments return on their investment on average at the 15th year.
Architect Francis Gichuhi Kamau.
info@a4architect.com
0721410684
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