l am contemplating doing up some bedsitters somewhere along the Eastern Bypass..Kamakis area.
l have 100 by 200 plot. Basically four plots of 50 by 100
From my little research the common place thinking is 'sell 2 or 3 plots and use the capital to build a flat on the Remaining plot' which kinda makes some sense.
However my thinking tells me l can achieve better results by doing things differently
Instead of building a block of flats on one plot.l instead build one storey units on the 4 plots,which will not only yield more units and more income, but will cost far much less than than a high rise flat.
This is on the assumption that the capital from the sale of 3 plots is equivalent to 40% of the total cost of building a block of flats whilst the one storey units will cost less than 50% the cost of similar units in a block of flat
Tell me Am dreamer or Come on and share my dream

Why not focus on one plot and do a flat with the money you were to use to do one storey units on the four plots???

Pour all the money in one plot and do a flat (to the level you can afford). Leave the other three plots vacant. To be built another day.

If you have money to build, forget you have four plots. Work on one....

And land in that area is at a premium. And that road has been earmarked for dualing. I would never build horizontally in that area!!

I think something is terribly wrong with your maths/estimations. 100 units (horizontal) vs 15 units (vertical) for the same amount???

Smart man.
Pole pole ndio mwendo. The sweet thing about life and property in this here kenia is that kesho bado ni siku. I remember when I bought my first plot. I was very excited then after a few months I got very discouraged because I did not have all the moolah to build upon it all at once, and my income/assets were committed to various investments elsewhere. But life and money are funny things. Nilianza tu pole pole. Planting a few trees hapa, paying the architect hapo, building a gate pale, fencing hapo, shrowry by shrowry and voila. The flobrem with pipo is they want to build a whoole Nairobi city in a day. Haiwesekani hata kamwe. And they want to compete with others..ati nani has built so hata mimi I need to build asap nisiachwe nyuma! Who cares? Nanii has his life and you yours, life is NOT a competition. Maybe nani stole 200m at NYS while you are depending on clean money, so stay in your lane! Haba na haba hujaza kibaba with blood sweat and tears, baba. Just like someone trying to start a forest on a ten acre farm, if he takes and plants 5 seedlings a day for 300 days for 2 years straight..huyooooo ...his forest begins to take shape in a huge way from such a simple effort. But if he thought of doing it all in one day he might have gotten disappointed at the effort, labour, logistics and resources required and given up!

Tom-boy, niaje?
Sasa?
Most tom-boys put on short hairstyle,rubber shoes,t shirts, and also moke....WHY?

From experience, the maths given is skewed.

1. Going Horizontal:

20 units will fit comfortably on 1/8th for a 14ftx14ft internal dimensions. Therefore with 3/8th, you can do 60 units - ground floor only. If you choose to go up, you could lose 5 units coz of stairs, corridors. Hence 100 is a good conservative number, in theory you can do even 110 units, depending on plan.

200K per unit for bedsitters is on the lower side. 250K per unit works assuming you are not going up, i.e. ground floor only. With minimal chumaz, basic finishes, basic roofing, basic foundation.

Should you choose to go up one floor, then the cost per unit goes up to 350K per unit, going up has additional costs - extra slab, stronger foundation.

2. Going Vertical.
On 1/8th, you can do 12-15 units of bedsitters per floor when going up. 20m is enough to finish a 3 floor (G+3) building with the right cost management technique. Hence 20m can get you 50-60 units.

I suggest you start with 1/8th and go horizontal, but with a very strong foundation, such that you will not need to bomoa anything in 10-15 years. Invest strongly with a strong foundation, and see the costs for 1 floor.