Multi Unit Residential Assets Of 5 Apartments For Acquisition
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Property Description
PROPERTY LISTING: MULTI‑UNIT RESIDENTIAL ASSET ON FULL PLOT --- OFF ABARANJE ROAD, IKOTUN / IKOTUN‑ADJOINING CORRIDORLocation: Off Abaranje Road, LagosPrice: ₦55,000,000 (Fifty‑Five Million Naira) --- AskingTitle/Documentation: Purchase Receipt & Registered Survey Plan
OVERVIEWA practical, income‑generating property sited on a full plot, comprising multiple residential units arranged across a main building and a front bungalow. The asset is ideal for investors seeking steady rental cashflow or an extended family looking for compound living in a well‑located neighbourhood.
PROPERTY CONFIGURATIONMain Building (Two‑Storey):
- Upper Floor: 1 × 4‑bedroom flat (spacious family layout)
- Ground Floor: 1 × 2‑bedroom flat
Front Bungalow (Single Storey):
- 2 × 2‑bedroom flats
- 1 × Mini‑flat (room & parlour self‑contained)
TOTAL: 5 residential units on a full plot
KEY FEATURES
- Mixed unit mix catering to families, professionals and single occupants
- Full plot ownership provides redevelopment or expansion potential
- Practical layouts suitable for immediate rental deployment
- Compound space for parking, drying area and small‑scale landscaping
- Clear documentation with Receipt and Registered Survey Plan available
LOCATION ADVANTAGES
- Positioned off Abaranje Road --- strong local demand corridor with good access to Ikotun, Agege and surrounding areas
- Close to transport nodes, markets, schools and neighbourhood amenities --- consistent tenant pool
- Area with ongoing residential activity and potential for capital appreciation
INVESTMENT & USE CASES
- Ready buy‑and‑hold rental asset with diversified income streams across multiple units
- Ideal for small landlords, portfolio investors or extended family occupancy
- Full‑plot status offers optionality: retain, refurbish to increase rents, or redevelop subject to approvals
DOCUMENTATION & DUE DILIGENCE
- Title: Purchase Receipt and Registered Survey Plan --- available for verification
- Recommended: Standard due diligence including title confirmation, site inspection and occupancy/condition audit prior to purchase
PRICE & TERMS
- Asking Price: ₦55,000,000
- Viewings and document review reserved for pre‑qualified buyers; proof of funds requested
VIEWING & CONTACTTo schedule a site inspection, request the due‑diligence pack or submit an offer, contact:[Agent / Owner Name]Phone: [Insert phone number] Email: [Insert email]
This is a functional multi‑unit property on a full plot offering immediate rental potential and redevelopment optionality in a convenient Lagos corridor.
Property Details
| Property Ref: 3201299 | Added On: 13 Nov 2025 | Last Updated: 13 Nov 2025 |
| Market Status: Available | Type: House | Bedrooms: 11 |
| Bathrooms: 11 | Toilets: 11 | Total Area: 600 sqm |
Interesting Facts
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.
Leisure and Shopping
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.
Popular Estates
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.
Day Life
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.
Night Life
Even at night, Ikotun bustles with activity. Popular nightlife spots include Ace Lounge, The Place, Club Hardrock, and The Leo Club.
Schools
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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21 Mojidi Street, Ikeja, Lagos, Nigeria
0902 XXXX Show Phone
+2347049744444
Registered 1 year ago
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