Ikotun, Lagos
₦70,000,000
| Property Ref: 3185249 | Added On: 04 Nov 2025 | Last Updated: 06 Nov 2025 |
| Market Status: Available | Type: Block of Flats | Bedrooms: 18 |
| Bathrooms: 18 | Toilets: 24 |
FOR SALE- WATCH VIDEO ABOVE
HIGH-YIELD 9-UNIT APARTMENT BLOCK
PRIME IKOTUN LOCATION
Location: 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
All detailed documentation and commercial discussions will be provided on a confidential basis and subject to a signed NDA.
Serious proposals only.
*How we work*
Tell us your needs (budget, location, size).
Our team reviews your request and assigns a dedicated relationship manager.
We only source conflict-free land and properties with clear titles.
We conduct due diligence and arrange site visits.
Viewings are by appointments only
Finalize purchase, rental or lease with legal support.
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Note: Referrals & Third Party Agents: 2.5% Comm
Ref: Pastor
