Mini Estate Comprising Of Units Of Flats
Interested in this property?
Property Description
DIRECT SALE -- CASH-FLOWING MINI-ESTATE IN OKOTA, LAGOS!
Location: Ire Akari Estate, Okota, Isolo, Lagos
Land Size: Approx. 631.14sqm
Type: Residential Income Property
Price: ₦250,000,000
Title: Deed of Assignment
---
PROPERTY OVERVIEW:
A solid cash-flowing development in the highly demanded Okota axis, this fully fenced and gated property comprises:
10 Units of Self-Contained 1-Bedroom Apartments
2 Units of Single Room Apartments
2 Units of 2-Bedroom Apartments
Currently in use for long-term rentals with strong occupancy and consistent rent inflow.
---
HIGHEST & BEST USE:
This property is ideal for:
Rental Income Investment (Long-term tenants)
Short-Let / Airbnb Operation (High yield in urban clusters)
Corporate Staff Housing
Service Apartments for Medical Tourists/Expatriates
Redevelopment into Boutique Apartments or Student Housing
---
INVESTMENT POTENTIAL:
Projected Monthly Rental Income: ₦1.8M -- ₦2.2M
Annual Rental Yield (ROI): 8.6% -- 10.5%
Return on Reinvestment (ROR) with Upgrade or Short-let Conversion: 15% -- 18% annually
Break-even period: 6--7 years on long-let, 4--5 years on short-let
---
WHY THIS DEAL MAKES SENSE:
Prime Lagos location with daily rental demand
Already earning -- plug & earn immediately
High land appreciation potential in Ire Akari axis
Opportunity to renovate and upscale for higher returns
Legal documentation intact -- direct and safe transaction
---
️ ATTENTION INVESTORS:
Deals like this don't stay on the market for long. The numbers work. The demand is real. The income is stable.
Book an inspection today.
Call. 07013257514. 08141169442
You miss this --- you might not find another like it.
Property Details
| Property Ref: 2969115 | Added On: 10 Jul 2025 | Last Updated: 15 Jul 2025 |
| Market Status: Available | Type: Flat / Apartment | Bedrooms: 14 |
| Bathrooms: 14 | Toilets: 14 | Total Area: 631 sqm |
Leisure and Shopping
Aswani Market is a great place to find reasonably priced items. In-store shopping, curbside pickup, and delivery are among the services available from ClothesZoo. Justrite Superstore and Pentagon Plastic Industry are other places to shop in the area.
Popular Estates
Ajao Estate is in a decent and reserved area. It is serene and has top-notch security. The roads are tarred and houses well organised. Jakande Estate, Peace Estate, Ire-Akari Estate and Ilamose Estate are other popular estates.
Day Life
Visit Aafin Alayeluwa, the Osolo of Isolo. Try out tasty homemade and local dishes at Molabat Kitchen, Africana Restaurant, or Ile Alamala. Tantalizers is available to provide fast food service for its residents.
Interesting Facts
PEFTI Film Institute, Nigeria's leading private film and television production company, had its beginnings in Isolo. Oke-Afa Memorial Arcade is a memorial park dedicated to those who lost their lives in an armoury explosion at the Ikeja military cantonment.
Night Life
Carabana Lounge is a popular hangout for locals and tourists alike. The lighting and ambiance create a sense of sleek comfort and style, which is a pleasant surprise. In addition, there is a Suya spot that is highly regarded in the area.
Schools
Laurel Schools and Mayday Schools are two great schools in Isolo, Lagos. Laurel Schools believe that every child has an innate gift/ability that is only waiting to be discovered. St Monica schools offer nursery, primary and secondary education. Headstart Private School, Penckers School, Marybene School, Masters Ville Schools, Kembos Group of Schools and Redwood Academy are also excellent.
Read the full area guide for Isolo, Lagos.
Interested in this property?
Disclaimer
The information displayed about this property comprises a property advertisement. Nigeria Property Centre makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Nigeria Property Centre has no control over the content. This property listing does not constitute property particulars.The information is provided and maintained by Demilade D Agagu Consulting. Nigeria Property Centre shall not in any way be held liable for the actions of any agent and/or property owner/landlord on or off this website.
Marketed by
(nuj Building)3/5 Adeyemo Alakija Victoria Island Lagos, Lagos State, Nigeria
0814 XXXX Show Phone
07013257514
Registered 5 years ago
View all properties from this developer