Self contain (single rooms) for sale
33 Rooms Sophisticated Spacious Self Contained Apartment, 75% Completed
33 Self-Contained Apartments on 810sqm in Maryland, Enugu 75% Completed Multi-Unit Residential Investment Opportunity An opportunity to acquire a substantial residential development comprising 33 spacious self-contained apartments with large balcony on an 810sqm plot at Police Post, Maryland, Enugu State. The property is approximately 75% completed and offers an opportunity for an investor or developer to complete the remaining work and position the apartments for rental income. Property Details You watch the video above or go true th pictures to get a clearer view of the property - Asking Price: ₦270,000,000 - Location: Police Post, Maryland, Enugu State - Land Size: 810 sqm - Number of Units: 33 self-contained apartments - Completion Status: Approximately 75% completed - Property Type: Multi-unit residential apartment complex - Road Access: Approximately 15 seconds on foot and 5 seconds by vehicle to the tarred road - Features: Spacious apartments and sophisticated imported doors Investment Highlights 1. Multiple Rental-Income Potential The development comprises 33 self-contained apartments. Based on reported rental rates for houses in the surrounding area of approximately ₦500,000--₦650,000 per annum, the property could potentially generate ₦16.5 million--₦21million in annual gross rental income when all 33 units are completed and occupied at those rates. 2. Value-Addition Opportunity With approximately 75% of the development completed, an incoming buyer can assess the remaining construction and finishing work required to prepare the property for occupation. 3. Strategic Location Situated at Police Post, Maryland, Enugu, with convenient access to a tarred road and destinations within Enugu metropolis. 4. Potential for Student Accommodation The apartment complex is suitable for student accommodation because of the 5 tertiary institutions surrounding it( unec, imt, coal city uni etc)or the wider residential rental market, subject to local demand and the preferences of prospective tenants. 5. Long-Term Property Investment The combination of 33 residential units, an 810sqm plot and an accessible location provides an opportunity for investors seeking a multi-unit property in Enugu. Suitable for - Real estate investors - Property developers - Residential rental operators - Student accommodation investors Asking price: ₦270,000,000 Serious buyers are invited to arrange an inspection to assess the development, verify title documentation and establish the remaining completion costs. Contact for further information and inspection arrangements.