Block of 8 Flats, One New Roof --- Orogun, University of Ibadan
₦105,000,000 -- ₦115,000,000 (negotiable) - Orogun Village, off Arulogun Road, Ibadan - ≈15 minutes to the University of Ibadan
Bedrooms: 20 (total across all 8 flats --- use this figure in the site's bedrooms field so it matches the description)
Built in 1979 with thick sandcrete walls and poured concrete slabs, these two reinforced-concrete blocks on ≈1,250 m² have solid bones. The roof doesn't show its age: in 2024 both blocks were re-covered in Gerard stone-coated sheeting on a new timber structure --- the single biggest renovation cost, already done.
Eight flats in total --- four three-bedroom, four two-bedroom, 20 bedrooms altogether --- each with its own kitchen, bath/WC and verandah. Terrazzo and vinyl-tiled floors, louvre windows, hardwood flush doors. Compound is walled and gated with off-street space.
## Location
Orogun sits on the Ojoo side of the University of Ibadan, ≈15 minutes from the gate, with steady rental demand from students, staff and young professionals. A World Bank--backed flood project is channelizing the Orogun River and upgrading drainage here, and Arulogun Road has had grading and rehabilitation --- both addressing the area's historic flood risk.
## Condition
The roof is new; the rest --- plastering, painting, plumbing, wiring, joinery --- needs a full renovation pass. That's reflected in the price: a structurally sound shell with the costliest job already done, in a location where finished units let fast.
## Good fit for
- Landlords renovating to let all eight units into the UI rental market
- Student-housing, hostel or co-living operators
- Mixed-use conversion
- Investors who want the roof equity already built in
## Enquiries
Genuine seller, open to sensible offers --- not a distressed sale
Contact me Adegbenro Bakare at [email protected]
