This Property Has Been Sold
This was a fully tenanted, 100% occupied income asset generating KES 130,000 every month. It has now been sold. Browse our other income-generating properties below.
Investment Return
Return on Investment This Property Delivered
KES 1.56M
Annual Rental Income (130K × 12)
~11.1%
Gross Annual Yield
100%
Current Occupancy Rate
~9 Yrs
Estimated Payback Period
Sold
About This Property
Macedonia Road Rental Block - Gate C, Maasai Mara University
This was a rare, fully operational investment property in one of Narok's highest-demand rental zones. Located on the Macedonia Road, directly at Gate C of Maasai Mara University, this 20-unit bedsitter block benefited from a captive, year-round tenant base of university students - one of the most reliable rental markets in Kenya.
The block was 100% occupied and generated KES 130,000 every month in gross rental income. University-adjacent rental properties of this calibre rarely come to market, and this one has now been purchased by a new owner.
The property sat on a 50x100 plot with a ready title deed, fronting the Macedonia Road for maximum visibility and accessibility. At KES 14 Million, this investment delivered an approximate gross annual yield of 11% - substantially above the Nairobi market average.
Mirisa Properties Ltd facilitated this sale on behalf of the previous owner. If you're looking for a similar income-generating opportunity, browse our other properties below or get in touch and we'll let you know when a comparable listing becomes available.
Property Features
What This Investment Includes
20 Bedsitter Units
20 individual self-contained bedsitter units - a full rental block, not a single unit
KES 130,000 Monthly Income
Current gross rental income when fully occupied - verified, active, paying tenants
100% Occupied - Zero Vacancy
All 20 units are currently tenanted - immediate income from day one of ownership
Gate C, Maasai Mara University
Directly at the university gate - the highest-demand student rental micro-location in Narok
Fronting Macedonia Road
Prominent road-fronting position - maximum visibility, easy access for tenants
50x100 Plot - Ready Title Deed
Clean freehold title deed on a standard 50x100 plot - immediate, straightforward transfer
Who This Property Was Perfect For
This Investment Was Ideal For
Income Investors Seeking Immediate Returns
No waiting, no development phase, no lease-up. 20 tenants are already paying - your income starts the month you complete the transaction.
Diaspora Investors Buying Remotely
A managed, fully tenanted property is the ideal diaspora investment - no construction to oversee, no marketing for tenants, just consistent monthly income deposited to your account.
Portfolio Investors Adding a High-Yield Asset
At ~11% gross annual yield, this rental block significantly outperforms most fixed-income alternatives. University-adjacent student housing offers one of Kenya's most resilient demand profiles.
First-Time Property Investors
A fully operational, fully tenanted rental block removes all the uncertainty of property investment - you acquire a proven, income-generating asset, not a project.
Photo Gallery
Macedonia Road Rental Block - Site Photos
