16 Unit Apartment Block for Sale in Namugongo

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.