Block of Flats for Sale in South B, Nairobi: 135 Units, Fully Tenanted, KSh 500 Million

Block of Flats for Sale in South B, Nairobi: 135 Units, Fully Tenanted, KSh 500 Million

Asking price: KSh 500 million or nearest offer.
Location: South B Estate, Nairobi, Kenya.

Income producing blocks of flats rarely come to the market in Nairobi. This one is already earning.
It is an 11 storey residential block with 135 units, fully occupied by a stable tenant base.
You are not buying a project you have to fill up, market or gamble on. You are buying a running business.

Why South B Keeps Rental Demand High

South B is one of Nairobi’s most consistently in demand rental markets.
It sits roughly 10 to 15 minutes from the CBD.
Mater Hospital, Nyayo Stadium, Capital Centre Mall, Industrial Area and Mombasa Road are all close by.
JKIA is about 20 minutes away.
That kind of location keeps occupancy high and tenant turnover low.

Property Overview

• 11 floors of residential accommodation
• 135 units, fully built out and income producing
• Passenger lift serving all floors
• Basement parking for residents and visitors
• Backup generator, so power stays on when the grid does not
• Borehole water supply, with no dependence on municipal rationing
• Fully occupied with stable tenancy

Unit Mix and Current Rental Income

Unit TypeUnitsMonthly Rent per UnitMonthly Subtotal
Bedsitters11KSh 20,000KSh 220,000
Small studios20KSh 22,000KSh 440,000
Large studios11KSh 24,000KSh 264,000
One bedroom83KSh 30,000KSh 2,490,000
Two bedroom10KSh 45,000KSh 450,000
Total135KSh 3,864,000

Water income adds approximately KSh 300,000 per month.
Together, the building earns about KSh 4.16 million every month.
Rent alone comes to about KSh 46.4 million a year, before water recovery.

The Numbers That Matter to an Investor

The plot is just over one eighth of an acre. That is a compact footprint carrying serious density.
At the asking price, the gross rental yield is about 9.3 percent on rent alone.
Including water income, the yield rises to roughly 10 percent.
The 83 one bedroom units generate over 60 percent of the rent.
One bedroom homes are consistently in demand across Nairobi, which supports steady occupancy.

Why This Property Stands Out

This is an operating asset with a proven income history, not a plan on paper.
You get 135 units under one title and one management structure. That is far simpler than assembling the same income from many small properties.
The lift, borehole, generator and basement parking are already in place. No major spending is needed before you start collecting rent.
South B’s closeness to hospitals, malls, the CBD and the airport keeps tenant demand steady.

Who This Opportunity Suits

This property suits investors, SACCOs and real estate funds looking for one substantial income asset.
It also suits diaspora buyers who want a single property rather than a portfolio of small units.

Serious Inquiries Only

Viewings are strictly by appointment.
They are arranged privately to protect current tenants and ongoing operations.
Call or WhatsApp 0703506141.
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