Flat / apartment for sale
16-Unit Residential Investment Property on 1,500SQM
An excellent opportunity to acquire a substantial 16-unit residential investment property sitting on approximately 1,500SQM of land in Greenland Estate, off Mobil Road, Ilaje, Ajah, Lagos. The property comprises two residential buildings with a total of 16 apartments, offering an investor multiple residential units within one property and one strategic location. The property is well suited for investors looking to acquire an established residential asset with rental and long-term capital appreciation potential in the rapidly developing Ajah/Lekki corridor. Property Breakdown Right building --- 8 units Ground Floor: - 2 units of 3-bedroom apartments - 1 unit of 2-bedroom apartment - 1 unit of room & parlour apartment First Floor: - 2 units of 3-bedroom apartments - 2 units of 2-bedroom apartments Total: 8 units Left building --- 8 units Ground Floor: - 1 unit of 3-bedroom apartment - 2 units of 2-bedroom apartments - 1 unit of room & parlour apartment First Floor: - 2 units of 3-bedroom apartments - 1 unit of 2-bedroom apartment - 1 unit of room & parlour apartment Total: 8 units Total Property Composition 16 Residential units: - 7 units of 3-bedroom apartments - 6 units of 2-bedroom apartments - 3 units of room & parlour apartments - 2 residential buildings - Approximately 1,500SQM of land Key Property Features - Spacious 1,500SQM land size - 16 residential units within one compound - Two existing residential buildings - Multiple apartment configurations - Good water supply system - Treated water system - Good electricity supply - Established residential environment - Functional and well-planned existing layout - Suitable for residential rental investment - Potential for rental optimisation - Potential for long-term capital appreciation Location Greenland Estate, off Mobil Road, Ilaje, Ajah, Lagos. The property is strategically positioned within the established Ajah residential corridor, with access to major roads, commercial areas and surrounding residential communities. Nearby landmarks and connecting areas include: - Mobil Road - Ilaje - Greenland Estate - Ajah - Abraham Adesanya - Badore Road - Lekki-Epe Expressway - Sangotedo - Lagos Business School axis - Lekki The location makes the property suitable for investors seeking residential assets within the wider Ajah--Lekki property market. Title & Documentation The property has: - Certificate of Occupancy (C of O) - Governor's Consent The title documentation is in the seller's name. Due diligence has also been conducted on the property and the relevant ownership/title information has been confirmed. Prospective buyers are encouraged to undertake their own final legal, structural and technical verification before completing the transaction. Investment Opportunity This property presents an opportunity to acquire a sizeable residential asset comprising 16 existing apartments on approximately 1,500SQM of land. Its multiple apartment configurations make it suitable for an investor seeking exposure to different segments of the residential rental market. The property is not newly built, but the existing layout, land size, number of units and location provide a strong foundation for an investor looking to acquire an established residential asset. A buyer may also explore opportunities for renovation, repositioning, improved property management and rental optimisation, subject to professional assessment. Why This Property Is Worth Considering 16 units. One location. 1,500SQM of land. Instead of acquiring a single apartment, this opportunity allows an investor to acquire an entire residential property comprising multiple apartment units under one investment. With its established location in Ajah, existing infrastructure, good water and electricity supply, and title documentation in the seller's name, this property is worth considering for investors seeking a sizeable residential asset in Lagos. Price ₦2,200,000,000 (₦2.2 BILLION) Price is negotiable for a serious buyer. Inspection Inspection is available for genuinely interested buyers and qualified investors. For further information, documentation review, inspection arrangements and purchase enquiries, contact: Atlas Realtors Diaspora Real Estate Broker Lagos, Nigeria We assist Nigerians in Nigeria and abroad with property acquisition, property verification, due diligence and real estate investment across Lagos. Contact Atlas Realtors to schedule an inspection.
