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This well-maintained apartment block is a great investment opportunity for anyone looking to expand their real estate portfolio.
Situated in the bustling and desirable neighborhood of Mbuya, this property offers a total of 10 units, generating a monthly rental collection of Ugx14m. The front apartments consist of 8 units, each renting for 1.2m, bringing in a total of 9.6m per month. The back apartments feature 1 unit renting for 1.2m and a luxurious penthouse spanning 2 floors renting for 2m, making a total of 3.2m per month.
In addition to the apartments, this property also features two shops, a mini mart and a small shop, generating an additional 1.2m per month. The total monthly rental collection for this property is 14m, making it a profitable investment for any buyer.
The apartments themselves are modern and spacious, each featuring 2 bedrooms and 1 bathroom, perfect for small families or young professionals. The compound is well-maintained and paved, providing ample parking space for tenants. Each unit also has a balcony and veranda, allowing for natural light and fresh air.
The amenities included in this property are sure to attract potential tenants, such as a barbeque area, ceramic tiles, and a water tank. The property is also fully fenced and has a septic tank and soak pit for proper waste management.
With a land tenure of Mailo Land and a size of 20 decimals, this property offers a great opportunity for future development. Its prime location on Mbuya road within Kampala District provides easy access to various amenities such as supermarkets, schools, and hospitals.
Investing in this apartment will not only generate a steady flow of income but also allows for potential future expansion and development. Don't miss out on this amazing opportunity to own a piece of real estate in the highly sought after neighborhood of Mbuya. Contact us today to schedule a viewing.
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