Apartments For Sale In Nyali

Residential Apartment Complex for Sale – Nyali, Mombasa
This is a prime residential investment opportunity located in the prestigious Nyali area of Mombasa , Kenya. The property offers both strong rental income and excellent potential for future development.

The complex consists of four spacious 3-bedroom apartments , each currently rented at KES 50,000 per month , generating a combined income of KES 200,000 monthly . In addition, there is a separate bedsitter unit that brings in an extra KES 15,000 per month , making the total monthly rental income KES 215,000 . The property is fully occupied and ready for immediate transfer.

Property Highlights:

• Location: Nyali, Mombasa
• Property Type: Residential apartment complex
• Units: Four 3-bedroom apartments + one bedsitter
• Land Size: Approximately quarter-acre (10,890 square feet)
• Vacant Land: Approx. 5,000 sq ft available for expansion
• Distance to Ocean: Third row from the ocean
• Proximity: Walking distance to Cinemax Arcade Nyali and major international schools
• Access: Easy access via well-maintained roads
• Utilities: Connected to water and electricity
• Occupancy Status: Fully occupied
• Documentation: Clean title with all documents ready for transfer
• Investment Potential:
• This property provides multiple avenues for value growth:

Current Income Stream: A stable monthly income of KES 215,000 from existing tenants
Development Opportunity: The 5,000 sq ft of vacant land allows for further construction such as additional units, commercial space, or a high-rise building
Strategic Location: Located near schools, shopping centers, and within walking distance of the ocean, this makes it highly desirable for renters and residents alike

Asking Price:
The property is offered for sale at KES 50,000,000 for a quick sale. With all utilities connected and clear documentation in place, this is a rare opportunity to acquire a turnkey asset in one of Mombasa’s most sought-after neighborhoods.

Why Invest in This Property?

• High rental demand due to proximity to schools and amenities
• Strong cash flow from existing tenants
• Room for expansion and increased income generation
• Secure and clean legal documentation
• Excellent location in a premium coastal neighborhood