5 Units Of Singe Room Unit + 2 Self Contain Units Offered
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Property Description
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
ref: pastor
Property Details
| Property Ref: 3185346 | Added On: 04 Nov 2025 | Last Updated: 05 Nov 2025 |
| Market Status: Available | Type: Self Contain (Single Rooms) | Bathrooms: 7 |
| Toilets: 7 |
Interesting Facts
Ejigbo is home to Nigeria's largest collection of historical photographs. The neighbourhood is also near the buzzing areas of Lagos and is one of the most affordable areas to reside.
Leisure and Shopping
Supermarkets and retail malls are an important element of any community. Supermarkets in Ejigbo are standardised and will provide you with a pleasant shopping experience. Grocery shopping is best done at Justrite Superstore, Globus Supermarket, Olaoluwa Supermarket, or Grocery Bazaar.
Popular Estates
There aren't many estates in Ejigbo, but if you prefer to reside in one, Union estate, Victory estate, Ogunrombi estate, and Bucknor estate are available in the vicinity.
Day Life
Ejigbo is home to a lot of places where you can unwind and indulge in fun activities. Some of these places include CRIMMD Library Museum, Ejigbo Mini Stadium, Westcare Foods, Chicken Republic, and MD Pro Makeovers & Beauty Spa.
Night Life
The nightlife in Ejigbo is an exceptionally cool and interesting one. There are several good spots around to unwind after a hectic day or week among them are BBQ Arena, Tiger bar, Vicchi lounge, Choice bar, Bimog restaurant and bar, E.chill spot bar.
Schools
When it comes to educational institutes, Ejigbo does not disappoint, as it is home to a good number of standard schools dedicated to bringing out the best in every student. You can enrol your children in Binta International Schools, Pearls Garden School, Effortswill Schools, Power & Glory International School, and St. Augustine's School, to name a few.
Read the full area guide for Ejigbo, Lagos.
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21 Mojidi Street, Ikeja, Lagos, Nigeria
0902 XXXX Show Phone
+2347049744444
Registered 1 year ago
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