Prime 600sqm Land With Income Streaming Units On Offer
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Property Description
PRIME LAND WITH INCOME-GENERATING UNITS FAGBILE ESTATE, IJEGUN
Full Plot (60×140 Sq Meters) + 8 Rental Units Asking Price: ₦90M
PROPERTY HIGHLIGHTS
- Land Size: Full plot (60ft × 140ft / 840 sqm) with clear boundaries.
- Existing Structures:
- 1 Unit: 2-Bedroom Flat
- 5 Units: Mini-Flats (Ideal for singles/couples)
- 2 Units: One-Room Self-Contained Apartments
- Total Units: 8 Rentable apartments (immediate income potential!).
- Condition: Occupied/vacant - buyer to verify.
LOCATION
- Fagbile Estate, Ijegun -- Secure, developed neighborhood.
- Proximity: Near schools, markets, and transport links.
- Growth Potential: High demand for rentals in expanding area.
PRICE: ₦90,000,000 (Ninety Million Naira)
- Economical Value: Priced below market for land + structures!
- ROI Focus: Existing units offset costs while land appreciates.
WHY BUY?
- Instant Cash Flow: Rent from 8 units covers expenses.
- Future Development: Expand or rebuild on spacious plot.
- Title Clarity: Fagbile Estate offers secure ownership.
Property Details
| Property Ref: 3223554 | Added On: 26 Nov 2025 | Last Updated: 26 Nov 2025 |
| Market Status: Available | Type: Land | Total Area: 600 sqm |
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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21 Mojidi Street, Ikeja, Lagos, Nigeria
0902 XXXX Show Phone
+2347049744444
Registered 1 year ago
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