Here is the current bedsitter development craze;

There is high demand for the bedsitters due to interest from students, newly employed people and slay queens! 😂😂

- lease land (50x100) at 30k - 60k per month for a min of 17 years
- put up approx 40 units of bedsitters at approx 200k - 300k each (total cost 8m - 12m)
- rent out the units at 8k - 12k (total monthly income - 320k - 480k)
- recoup your costs in 3 - 4 yrs and enjoy your rent for 14 yrs

* very important LOCATION LOCATION LOCATION
( current hot locations; Waiyaki Way, kawangware, Dagoreti, kiambu etc)
* due to competition include WiFi, DSTV, small gym and secure parking (mostly for sponsors 😂😂)

Pros
- you access a plot in a location that could be out of reach or unavailable for out right purchase
- you don’t tie your capital in purchase of land
- you get first priority to purchase the land if the owners want to sell the plot
- very simple and quick to put up (mostly without approvals)

Cons
- after the lease period expires you have to walk away and leave the development as it is

I know of guys/groups with numerous such set ups and raking in crazy amounts as rent every month

Happy investing

There's some fantastic studio apartments I came across in Nairobi West. Really nice, 250sq ft and the finishing is top notch. Unfortunately sold out by the time I wanted to get in, sale price was Ksh 3m and they're currently being rented for Ksh 25k p.m. Decent ROI.

http://west-suites.com/project.html

Do the studios have a balcony?And how is the land rent/rates for the land occupied by the building paid for?