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FOR SALE- WATCH VIDEO ABOVE
Block of 4 × 3‑Bedroom Flats on Half‑Plot ---
Abaranje, Ikotun, Lagos
Price: ₦50,000,000 (Fifty Million Naira)
Summary
Investment‑ready block comprising four (4) self‑contained 3‑bedroom flats sited on a half‑plot in Abaranje, Ikotun. The property is a short distance to the major road --- excellent for tenant demand and rental yield. Title documents (Receipt and Survey Plan) are available. Priced to sell at ₦50M --- ideal for investors or buyers seeking immediate rental income and a compact multi‑unit asset in Ikotun.
Property Highlights
- Units: 4 × 3‑bedroom flats (self‑contained)
- Plot: Half‑plot of land (standard local half‑plot dimensions)
- Location: Abaranje, Ikotun --- very close to the major road for easy commuting and visibility
- Title & docs: Receipt and Survey Plan --- available for inspection
- Suitability: Buy‑to‑let investment, multi‑family residence or small portfolio addition
- Price: ₦50,000,000 (Asking)
Detailed Description
This block of four 3‑bedroom flats occupies a half‑plot in a well‑located Abaranje neighbourhood. The compact compound layout maximises land use while providing multiple independent income streams from separate units. The property's proximity to the major road improves access to public transport, retail and services --- a key driver of sustained tenant demand.
Whether you are an investor expanding a rental portfolio or an owner‑occupier wanting rental support from additional units, this asset offers straightforward management and scalable returns with modest capital. Condition, finishes and tenancy status can be confirmed at inspection.
Location & Accessibility
- Situated in Abaranje, Ikotun --- established residential area with growing demand for rented accommodation
- Very close to the major road --- short commute to transport nodes and commercial centres
- Near local amenities: schools, markets, shops and places of worship supporting tenant needs
Title & Documentation
- Documents available: Receipt and Survey Plan --- buyers should carry out standard legal checks and verification
- Title documents will be produced for serious buyers and their solicitors/representatives during due diligence
Investment & Value Proposition
- Multiple rental units on one half‑plot create diversified cash flow from a single purchase
- Compact footprint reduces maintenance overhead while maximising rental density
- Proximity to major road enhances tenant access and resale prospects
What's Included
- The four (4) flats on the half‑plot and the stated title documents (receipt & survey plan) for inspection
- Any fixed fixtures seen on inspection (to be confirmed and agreed)
Recommended Next Steps (For Interested Buyers)
- Arrange a private site inspection to confirm unit condition, internal finishes and exact plot dimensions
- Request to see the receipt and survey plan for legal review and verification
- If units are tenanted: request a current rent roll and tenancy agreements to assess income and lease terms
- Provide proof of funds or a formal expression of interest to schedule document review and negotiation
Viewing & Contact
Private inspections and document reviews will be arranged for serious, pre‑qualified buyers and their authorized representatives. Please provide your preferred contact details and available times to schedule a viewing.
Note
All information is provided in good faith. Prospective buyers should undertake full legal, financial and physical due diligence (including title verification and on‑site inspection) prior to purchase.
Ref: Pastor
| Property Ref: 3181310 | Added On: 02 Nov 2025 | Last Updated: 02 Nov 2025 |
| Market Status: Available | Type: House | Bedrooms: 12 |
| Bathrooms: 12 | Toilets: 16 | Total Area: 310 sqm |
Ikotun hosts West Africa's most visited religious tourism site; The Synagogue Church of All Nations and is home to one of Lagos state's largest marketplaces; Ikotun Market. The popular Nigerian singer and songwriter, Adekunle Gold was also raised in the neighbourhood.
Ikotun Market is one of the largest markets in Lagos State and is available to cater to the shopping needs of its residents. KAF Mall, Twins Faja Supermarket and Sengabis Supermarket are indoor shopping options within the area.
Given the large population of people that reside in Ikotun, it would be absurd if there were not enough housing alternatives in the vicinity. Peace Estate, as the name suggests, is a very serene option whereas Adams and Diamond Estates provide reasonably priced properties.
Ikotun is a wonderful area to visit if you want to unwind. Watch a movie at Filmworld Cinemas, cool off at the pool in Brainfield Event Centre, dine at Food City and Dominos Pizza or enjoy ice cream at Coldstone Creamery.
Even at night, Ikotun bustles with activity. Popular nightlife spots include Ace Lounge, The Place, Club Hardrock, and The Leo Club.
Crestview International Schools, which includes a crèche, nursery, primary, and secondary school, is one of the most well-known schools in Ikotun. Other prominent schools in the area include Fortune Private Schools, Solid Steps International School, and Molan Schools.
Read the full area guide for Ikotun, Lagos.
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