wazua Sat, Apr 25, 2026
Welcome Guest Search | Active Topics | Log In

4 Pages<1234>
Riverside or Madaraka estate rental property!
Options
Previous Topic · Next Topic
Seles83
#21 Posted : Friday, August 31, 2012 2:53:44 AM
Rank: Member

Joined: 11/9/2007
Posts: 288
Location: OZ
Stine wrote:
Check out Imara Gardens Apartments next to Riara school in Imara. They are pretty good apartments 3br house + guest room at 7.4M, they were increasing the amount I don't know how much they are selling for now. Estimated rent is 45k. They also have 2br going for 6. something. They are really worth looking at..


@Stine
Thanks..

Fellas, Anyone who bought into Phase I of Madaraka Housing scheme...their feedback on finishes and rental income?
More monies, more problems...
Back to top
  |
Seles83
#22 Posted : Thursday, November 29, 2012 3:42:40 AM
Rank: Member

Joined: 11/9/2007
Posts: 288
Location: OZ
Excited...

Houses ready for occupation from Jan 2013...

Any takers//

More monies, more problems...
Back to top
  |
tony stark
#23 Posted : Thursday, November 29, 2012 8:56:43 AM
Rank: Veteran

Joined: 7/8/2008
Posts: 947
Seles83 wrote:
Stine wrote:
Check out Imara Gardens Apartments next to Riara school in Imara. They are pretty good apartments 3br house + guest room at 7.4M, they were increasing the amount I don't know how much they are selling for now. Estimated rent is 45k. They also have 2br going for 6. something. They are really worth looking at..


@Stine
Thanks..

Fellas, Anyone who bought into Phase I of Madaraka Housing scheme...their feedback on finishes and rental income?


Imara is having a housing glut and the rent that stine claims you can get is a big lie. The 3 beds in Imara are going for 30-35 guest.
Unless Stine means future rental yield?
Back to top
  |
Seles83
#24 Posted : Thursday, November 28, 2013 3:47:00 PM
Rank: Member

Joined: 11/9/2007
Posts: 288
Location: OZ
Quick update, NHC Madaraka project now complete.

Summary project cost: 2 br Apartment 6.2m, Other Costs-600k
Tenant paying 35k per month..

P.S- I should have bought 2 more units..
More monies, more problems...
Back to top
  | | Edit by user: Thursday, November 28, 2013 3:49 PM | Reason: Not specified
Seles83
#25 Posted : Friday, June 08, 2018 7:19:25 AM
Rank: Member

Joined: 11/9/2007
Posts: 288
Location: OZ
Can't wait to buy into latest government project in Starehe or Mugaga Green.

At last we have a sharp PS for Housing (Kudos)
https://www.businessdail...586282-9ggmuq/index.html
More monies, more problems...
Back to top
  |
tony stark
#26 Posted : Friday, June 08, 2018 6:16:12 PM
Rank: Veteran

Joined: 7/8/2008
Posts: 947
[quote=Seles83]Can't wait to buy into latest government project in Starehe or Mugaga Green.

At last we have a sharp PS for Housing (Kudos)
https://www.businessdail...86282-9ggmuq/index.html[/quote]

So what did you get??
Mada or riverside? What is the rental yield of the property??
Back to top
  |
Seles83
#27 Posted : Sunday, June 10, 2018 10:16:03 AM
Rank: Member

Joined: 11/9/2007
Posts: 288
Location: OZ
I got 2br Madaraka one eventually came to 6.2m rented for 40k and bought another 2bdr in Kileleshwa for 8.2m rented for 50k..
More monies, more problems...
Back to top
  |
kawi254
#28 Posted : Sunday, June 10, 2018 2:34:30 PM
Rank: Member

Joined: 2/20/2015
Posts: 468
Location: Nairobi
Seles83 wrote:
I got 2br Madaraka one eventually came to 6.2m rented for 40k and bought another 2bdr in Kileleshwa for 8.2m rented for 50k..


7.5% p.a @100% occupancy
Back to top
  |
Angelica _ann
#29 Posted : Sunday, June 10, 2018 2:58:35 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,937
kawi254 wrote:
Seles83 wrote:
I got 2br Madaraka one eventually came to 6.2m rented for 40k and bought another 2bdr in Kileleshwa for 8.2m rented for 50k..


7.5% p.a @100% occupancy


Good returns at comfortable risk levels!!!
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
Back to top
  |
obiero
#30 Posted : Sunday, June 10, 2018 3:20:17 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,318
Location: nairobi
Angelica _ann wrote:
kawi254 wrote:
Seles83 wrote:
I got 2br Madaraka one eventually came to 6.2m rented for 40k and bought another 2bdr in Kileleshwa for 8.2m rented for 50k..


7.5% p.a @100% occupancy


Good returns at comfortable risk levels!!!

Real estate is king!
COOP, IMH, KEGN, KQ, MTNU
Back to top
WWW
  |
4 Pages<1234>
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2026 Wazua.co.ke. All Rights Reserved.