13-Unit Apartment Block for Sale in Namugongo at UGX 860M

A profitable 13-unit apartment block located in Namugongo, one of the fastest-growing residential areas near Kira Town and the greater Kampala metropolitan area. This property offers investors an opportunity to earn steady rental income while benefiting from the continuous growth of the Namugongo real estate market.

Sitting on 15 decimals of land, the apartment block is already generating consistent rental returns, making it a strong investment option for buyers looking for passive income and long-term property appreciation.

Property Overview

📍 Location: Namugongo, Wakiso District
🏢 Property Type: Apartment Block
🏠 Total Units: 13 Rental Units
📐 Land Size: 15 Decimals

💰 Asking Price: UGX 860,000,000
💵 USD Equivalent: ≈ USD 239,000

💵 Monthly Rental Income: UGX 7,800,000
💵 Annual Rental Income: UGX 93,600,000

Property Details

➤ 13 established apartment units generating income
➤ Organized compound with tenant parking space
➤ Reliable water and electricity connections
➤ Located in a well-populated residential neighborhood
➤ Easy access to nearby main roads and public transport

Investment Highlights

➤ Immediate rental income of UGX 7.8M per month
➤ Located in the growing Namugongo rental market
➤ High demand for rental housing in the area
➤ Strong potential for future rental increments
➤ Excellent long-term capital appreciation

Location Advantages

➤ Close to Kira Town, Kyaliwajjala, and Najjera
➤ Convenient access to Kampala City Centre
➤ Near schools, supermarkets, hospitals, and churches
➤ Located in a high-demand rental area

✅ A great opportunity for investors looking to acquire a rental apartment block with steady monthly income in Namugongo.