Six- 2 Bedroom Bungalows For Sale in Malindi, Casuarina Road Fully Rented KES 120K/Month Income Asking: KES 40M.
Turnkey Coastal Investment Six- 2 Bedroom Bungalows For Sale in Malindi, Casuarina Road Fully Rented KES 120K/Month Income Asking: KES 40M
This is an exceptional investment opportunity in the heart of Malindi's Casuarina road neighborhood. This well-maintained apartment block features six (6) modern 2-bedroom units, all currently tenanted and generating a steady rental income of KES 120,000 per month. For serious investors seeking a secure, income-generating property in Kenya's coastal market, this is a turnkey deal with cash flow from day one.
Location Advantage: Casuarina, Malindi
Casuarina is one of Malindi's most sought-after neighborhoods, famous for its proximity to pristine beaches, luxury resorts, and vibrant lifestyle amenities. The area attracts both local and international tenants, ensuring consistent rental demand throughout the year. With expanding infrastructure and rising property values, Casuarina continues to be a hotspot for investors looking for growth and stability.
Income Potential
Each of the six 2-bedroom units is currently rented at KES 20,000 per month, translating to:
Monthly Income: KES 120,000
Annual Income: KES 1.44 Million
This consistent income stream makes the property ideal for buyers looking to expand their portfolio with a ready-made rental business. Unlike raw land or off-plan projects, there is zero waiting period --- your investment works for you immediately.
Property Features
6 spacious 2-bedroom units (all occupied)
Well-built and designed for modern living
Located within a high-demand residential area
Access to essential utilities (water, power, security)
Close to schools, shopping, resorts, and the beach
Why Invest Here?
Turnkey Investment -- No construction, no tenant-hunting; income is guaranteed from day one.
Proven Cash Flow -- KES 1.44M annually in rental returns.
Strong Market Growth -- Malindi real estate continues to appreciate, driven by tourism and infrastructure development.
Diaspora-Friendly -- Perfect for overseas investors seeking a hands-off income stream in Kenya.
Diversified Potential -- Continue with long-term tenants or repackage as Airbnb/short-let units to significantly increase rental yield.
ROI & Long-Term Value
At an asking price of KES 40 Million, this apartment block combines strong rental returns with capital appreciation potential. Investors can expect stable income while also watching the property value grow in one of Kenya's most attractive coastal towns.
Contact Us
Seize this rare chance to own a fully-occupied, income-generating property in Casuarina, Malindi.
Contact Mkaazi Real Estate Ltd today to arrange a viewing or request more details.
Malindi - Kilifi - Watamu
+254 724 568 989
[email protected]
