Mingles Bus-stop Axis, Ejigbo, Lagos
₦15,000,000
| Property Ref: 3185346 | Added On: 04 Nov 2025 | Last Updated: 06 Nov 2025 |
| Market Status: Available | Type: Block of Flats | Bathrooms: 7 |
| Toilets: 7 |
For sale- watch video above
High-density income generator Ejigbo transport hub**
Location: Field/Mingles bus stop, Ejigbo, Lagos
Price: 15,000,000
Urban land bank with immediate cashflow
A strategically packed quarter plot delivering 7 revenue streams through 5 single rooms + 2 self-contained units -- positioned steps from ejigbo's bustling transport nexus. Ideal for investors targeting high-occupancy yields in a tenant-rich corridor. Property composition
Unit configuration:
- 5 single rooms: efficient layouts for student/entry-level tenants
- 2 self-contained units: room & parlour with private facilities (premium rental potential)land efficiency:
- optimized footprint on quarter plot (450 sqm)
- shared courtyard with independent access points
Location advantage: field/mingles bus stop
Tenant magnet:
- 30-second walk to major bus stop serving oshodi-airport road corridor
- demand drivers:
- proximity to ejigbo market, schools, and manufacturing clusters
- direct routes to isolo, ikotun, and lagos mainlandgrowth indicators:
- rapid densification from lagos' urban expansion
- new road projects enhancing accessibility
Financial profile
- asking price: 15,000,000
- yield projection:
- conservative annual income: 1. 2m--1. 8m
- roi horizon: 8--12 years (exclusive of appreciation)
- value play: priced at 2. 14m per unit vs. 3m+ replacement cost
Ownership & transaction
- documentation: valid purchase receipt (verifiable with seller)
- due diligence: physical inspection recommended to assess upgrade potential
- offer submission:[agent name] [phone] [email]
Investment insight: a starter portfolio asset with forced-appreciation potential through unit upgrades. Vacant possession available. Key positioning highlights:
1. Transport proximity
- "30-second walk to bus stop" quantifies tenant convenience
2. Unit economics
- breaks down price per unit (2. 14m) to demonstrate value
3. Market resilience
- targets student/worker tenants for stable occupancy
4. Value-add pathway
- suggests upgrade potential for higher yields
5. Urban expansion narrative
- ties to lagos' growth for long-term appreciation
All detailed documentation and commercial discussions will be provided on a confidential basis and subject to a signed NDA.
Serious proposals only.
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