1) Location: The apartments are in TASSIA, Embakasi. 3) Desciption: They consist of 32 two bedroom apartments and 2 one bedroom apartments. The apartments have basement parking for 26 cars, 80,000 litres underground water tank, 32,000 litres overhead water tank, common area for tenants.
4) Monthly Rental: The average estimated monthly rent for each apartment is 19,500 so total monthly rent is 650-700k easy if well managed.
5) Price: 65million.
You pay me 25m, I give you possession and you pay the balance to me in 6 month equal installments.
6) Last Valuation: The property is valued at over Ksh 70-75m.
7) The property needs 7m to do finishing on 16 units.