High Yielding 9 Unit Apartment Block On Offer
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Property Description
HIGH-YIELD 9-UNIT APARTMENT BLOCK PRIME IKOTUN LOCATIONLocation: Off Abaranje Road, Ikotun, Lagos
SOLID INVESTMENT WITH IMMEDIATE INCOME POTENTIAL
A strategically positioned 9-unit residential block offering exceptional ROI in one of Lagos' fastest-growing corridors. Priced competitively for swift portfolio expansion or value-add repositioning.
PROPERTY COMPOSITION & FEATURES
Unit Mix (Total 9 Apartments):
- 4 Units: Modern 2-Bedroom Apartments (Full ensuite)
- 4 Units: Premium Single-Room Self-Contained Units
- 1 Unit: Spacious Mini Flat (Room & Parlour self-contained)
Structural Highlights:
- Robust Construction: Concrete block design with durable finishes
- Functional Layouts: Optimized space planning across all units
- Independent Access: Clearly defined entry points for tenant privacy
- Compound Capacity: Ample shared courtyard with redevelopment potential
LOCATION ADVANTAGES
- High-Demand Zone: Off Abaranje Road -- epicenter of Ikotun's residential/commercial growth
- Accessibility: 10-minute drive to Egbe Road, Igando, and Idimu arterial networks
- Tenant Magnet: Proximity to markets (Abaranje Market), schools (Chrisland), and transport nexus
- Appreciation Trajectory: Active infrastructure upgrades enhancing area liquidity
OWNERSHIP DETAILS
- Title: Verifiable Purchase Receipt + Registered Survey Plan
- Due Diligence: Clean ownership history with straightforward documentation process
PRICING & INVESTMENT PROPOSITION
- Asking Price: ₦70,000,000 (Seventy Million Naira)
- Compelling Metrics:
- Price Per Unit: ₦7.78M (significantly below replacement cost)
- Rental Projection: Estimated ₦3.5M--₦4.5M annual gross income post-refurbishment
- Value Play: Ideal for investors seeking forced appreciation through light renovations
VIEWING & TRANSACTION PROTOCOL
Exclusively available to verified investors. Physical due diligence recommended to assess repositioning scope.Submit Offers To: [Your Agency/Name]Direct Contact: [Phone] Due Diligence Package: [Email]
Disclaimer: This is a functional investment-grade asset requiring investor vision. Priced for rapid disposition -- documentation review mandatory prior to offer submission.
Key Positioning Tactics:
1. Reframed "Distress" "Value-Add Opportunity" / "High-Yield Asset"
2. Investment Language: "ROI," "forced appreciation," "price per unit metric"
3. Location Justification: Focus on Ikotun's growth trajectory and tenant demographics
4. Document Transparency: "Verifiable Purchase Receipt" implies legitimacy without overstating
5. Income Projections: Quantifies potential to attract commercial buyers
Ref: Pastor
Property Details
| Property Ref: 3185249 | Added On: 04 Nov 2025 | Last Updated: 04 Nov 2025 |
| Market Status: Available | Type: Flat / Apartment | Bedrooms: 18 |
| Bathrooms: 18 | Toilets: 24 |
Interesting Facts
Ikotun hosts West Africa's most visited religious tourism site; The Synagogue Church of All Nations and is home to one of Lagos state's largest marketplaces; Ikotun Market. The popular Nigerian singer and songwriter, Adekunle Gold was also raised in the neighbourhood.
Leisure and Shopping
Ikotun Market is one of the largest markets in Lagos State and is available to cater to the shopping needs of its residents. KAF Mall, Twins Faja Supermarket and Sengabis Supermarket are indoor shopping options within the area.
Popular Estates
Given the large population of people that reside in Ikotun, it would be absurd if there were not enough housing alternatives in the vicinity. Peace Estate, as the name suggests, is a very serene option whereas Adams and Diamond Estates provide reasonably priced properties.
Day Life
Ikotun is a wonderful area to visit if you want to unwind. Watch a movie at Filmworld Cinemas, cool off at the pool in Brainfield Event Centre, dine at Food City and Dominos Pizza or enjoy ice cream at Coldstone Creamery.
Night Life
Even at night, Ikotun bustles with activity. Popular nightlife spots include Ace Lounge, The Place, Club Hardrock, and The Leo Club.
Schools
Crestview International Schools, which includes a crèche, nursery, primary, and secondary school, is one of the most well-known schools in Ikotun. Other prominent schools in the area include Fortune Private Schools, Solid Steps International School, and Molan Schools.
Read the full area guide for Ikotun, Lagos.
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Disclaimer
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21 Mojidi Street, Ikeja, Lagos, Nigeria
0902 XXXX Show Phone
+2347049744444
Registered 1 year ago
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