8-Bedroom Apartment Building for Sale in Kijitonyama

8-Bedroom Apartment Building for Sale in Kijitonyama - 1
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Price Analysis Above Market

Based on 6 similar listings

Market Demand

Low Demand

Low demand - may take longer to sell

Details

Bedrooms
8
Bathrooms
12
Condition
Fairly Used
Furnishing
Unfurnished
Property Type
Apartment
Property size
371 sqm
Property Address
Kijitonyama

8-Bedroom Apartment Building for Sale in Kijitonyama Highlights

  • Spacious Apartment Layout: Apartments of this size offer multiple living areas and generous room dimensions, ideal for large families or those who entertain frequently. The layout typically includes distinct zones for living, dining, and private quarters.
  • Kijitonyama Location Advantages: Kijitonyama is a well-established residential area in Dar es Salaam, known for its accessibility to key amenities. Proximity to commercial centers, schools, and healthcare facilities is a common benefit of properties in this locale.
  • Potential for Customization: Unfurnished apartments provide a blank canvas for buyers to design and decorate according to their personal style and needs. This allows for immediate personalization of living spaces.
  • Ample Bathroom Facilities: A high number of bathrooms suggests convenience for a large household or for guests. This configuration can reduce morning rush-hour congestion and enhance comfort for all occupants.
  • Consideration for Property Size: A property size of 371 square meters indicates a substantial living area. This allows for spacious rooms, potential for outdoor space, and comfortable accommodation for many residents.

Description

• Apartment building comprising 6 units: two 2-bedroom apartments (one master en-suite) and four 1-bedroom apartments. • Total of 8 bedrooms and an estimated 12 bathrooms across the building. • Property size of 371 sqm, offering significant rental income potential. • Current rental income: TZS 1.5 million/month for 2-bedroom units, TZS 850,000/month for 1-bedroom units. • Projected investment return of 20 years based on current rental rates without any improvements. • Located in Kijitonyama, a well-established area with good accessibility. • Fairly used condition, unfurnished, presenting an opportunity for renovation and value addition. • Selling price for the entire building is TZS 1.5 billion.

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ConditionFairly UsedNewly BuiltRenovated
Property TypeApartmentApartmentTownhouse/Terrace
Bedrooms8412
Bathrooms12512
FurnishingUnfurnishedFurnishedFurnished
Property size371 sqm410 sqm277 sqm
Property AddressKijitonyamaMasakiDodoma mjini Barbara ya 9
PriceTSh 1,500,000,000TSh 1,430,000,000TSh 1,500,000,000