Let's assume a permitted Ground Coverage of 70%, that means you will be allowed to optimally build on 2800 square feet per floor.

Most 1-bedrooms are often about 600 square feet, and that means that, by squeezing, you can build about 6-7 units per floor. So for the ground and first floor, assuming 12-14 units.

Depending with the state of finishes that you intend to use, a good, fairly nicely finished house, and considering the cheapness of labor, sand, and water, a rate of Kshs. 2,400 per square foot is feasible.

So, the cost of building the ground and first floor should be roughly in the region of

Kshs. 2,400 per foot X 5,600 square feet = 13 million.

N/B So may assumptions have been made above.

It is possible. for instance, most 1-bedrooms in Zimmerman, Githurai, and other middle income estates are usually about 6 by 8 meters.

8 meters lenght is about 24 feet, 3 end to end units will be covered in 72 feet

Was in Roysa juzi and it hit me big time that tiny bedsitters ndiyo mambo yote..forget about 1 br, 2br etc. Kiinya is a bedsitter nation for hasoras through and through as this is a very price conscious society. The jomba I visited with a block on 80x50 is LIVING LIKE A KING humo humo.

The bedsitters are tiny..barely enough space to walk around comfortably. Kitchen sink is a concrete slab with cheap tap. Hiyo tu. Bathroom/toilet combi is a squeezed ka thing with of course Lorenzetti Blinducha instant shower. Building these things is easy as the plinth is basically almost a perfect square and the plumbing outlay is all very close to each other which saves big.

The only big expense I saw was large windows - a smart move by him because it makes those cramped rooms feel bigger than they really are, and the apartment block looks nicer than the others - which attracts more clients.

So the guy lives hapo on site and collects a clean 10k per B/S live live pesha taslimu. And all I saw were slay queens walking around twi twi twi and hanging their undergarments on the clothes lines on the balconies pwaaaa. Imagine 10k x10 units per floor = 100k kash monee as the Naija brodas say, x 5 floors!

These bedsitter apartments are cash flow heavy tu sana. Tunjamaa ananjienyoy jiiii in fact his biggest nightmares are only 2:

1) To ward off the young, tight, slim, fit 20 something tusupuu slayqueens who want to pay "in kind" yet his bibi is also on site.
2) To keep a very low profile and cover his door with a bit of dust while parking his benz very far away so that his tenants do not think "ako na pesa."

Wacha pia sisi tunjege zetu.

Ni hayo tu.

NIMESEMA!

Point taken BUT!.....
1. He spent way less than 60 metre
2. CIC mmarket does not have a capital appreciation component to it, neither is it necessarily safe. Look what happened to Amana.
3. Not everybody wants to live a posh life in Runda. He may really enjoy living there because he enjoys the fruit of his sweat. Remember those Kenyan tycoons of yore who would build hotels and live in one of the rooms hapo. Not everyone wants to live in Muthaiga once they make money.
4. Not everyone hates interacting with human beings. The joy of collecting rent from troublesome tenants IS VERY EXCITING for some of us.

That’s not the stellar investment of 2020.If he took the 60m and bought into Tesla in January, he would be on Forbes list. The truth, investing is a wide area and it depends on the individual investors choices. Not what others think about what the other guy should do with his cash. Let's accept diversity of thought.

So why didn't Alibaba take his 60m and invest in Tesla so that we could see you on said list?
Talk is cheap and hindsight is always 20/20 blatha.
As for diversity of thought, that goes without saying :)

High networth individuals in Sub Saharan Africa invest most of their assets in the real estate,except in South Africa. But other markets, they invest in financial markets... From Business Daily...

Exactly. The above argument was not supposed to be. Since we're of different character, background and interests, whoever wants to invest in CIC, or bedsitters should not even consider the views of the other. Investments are as diverse as the 7b people who populate the earth. It would be a tragedy if the 7b people invested in the same way. If you love bedsitters, CIC, Bitcoin, Tesla, Safaricom or Microsoft, the world is big.... Do your thing.

Design chonjo sana. They want USD 200 for it for those of you looking for plans.