Newly Built 3-Bedroom House for Sale in Kira Kimwanyi – UGX 320M
$89,000.00 (UGX 320Million)
“Engineering Growth, Building Possibilities”
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16 Unit Apartment Block for Sale in Namugongo
Namugongo, Wakiso, Uganda
For Sale
$333,000.00 (UGX 1.2Billion)
Description
A high-income apartment property for sale in Namugongo, one of the fastest-growing residential areas in Wakiso District. This property is ideal for investors looking for stable rental income and strong real estate appreciation near Kampala.
Strategically located in a high rental demand neighborhood, the apartments are already fully occupied and generating consistent monthly income, making it a ready cash-flow investment opportunity.
Property Overview
📍 Location: Namugongo, Wakiso District
🏢 Property Type: Apartment Block
📐 Land Size: 25 Decimals
📜 Land Tenure: Private Mailo Land Title
💰 Asking Price:
UGX 1,200,000,000
≈ USD 333,000
💵 Total Monthly Rental Income:
UGX 14,400,000
💵 Annual Rental Income:
UGX 172,800,000
Apartment Details
➤ 16 Units Total
➤ Each Unit has 2 Bedrooms and 2 Bathrooms
➤ Each unit rents at UGX 900,000 per month
➤ Spacious living room and dining area
➤ Functional kitchen space
➤ Good tenant occupancy rate
Property Features
➤ Large 25-decimal plot allowing good spacing
➤ Ample parking space for tenants
➤ Located in a well-developed residential neighborhood
➤ High rental demand area
➤ Good access roads
➤ Reliable utilities including water and electricity
Investment Highlights
This property presents a strong real estate investment opportunity in Kampala’s rental market.
➤ Immediate monthly rental income of UGX 14.4M
➤ High tenant demand due to proximity to Namugongo town and Kampala suburbs
➤ Ideal for investors seeking long-term passive income
➤ Potential for future rental increment as the area continues developing
Location Advantages
Namugongo is one of the most rapidly developing residential areas near Kampala, known for its:
➤ Growing population and rental demand
➤ Proximity to Kira, Kyaliwajjala, and Naalya
➤ Access to schools, supermarkets, hospitals, and churches
➤ Continuous infrastructure development
Schedule Inspection
This income-generating apartment block in Namugongo is ideal for serious property investors.
📞 Call or WhatsApp for more details or to arrange a property inspection.
Location & Features
Agents
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