Block of flats for sale
Katampe Extension, Katampe, Abuja
Investment brief -- mini estate in katampe extension
property overview:
this is a rare opportunity to acquire a fully built mini estate strategically located in the highly sought-after katampe extension, abuja. the estate is thoughtfully designed to cater to the growing demand for premium residential units and offers excellent long-term rental value.
property features:
- 106 units in total
- 43 units of one-bedroom apartments
- 63 units of studio apartments
- 2 units of office spaces
- total land size: 5,487 sqm
- title: certificate of occupancy (c of o)
- price: ₦3 billion
- agency fee: 5%
highlights & investment value:
prime location in katampe extension -- serene environment with tarred road access.
high rental demand for both one-bedroom and studio apartments, ensuring excellent return on investment (roi).
spacious layout with adequate parking spaces.
equipped with state-of-the-art facilities to enhance tenant comfort and lifestyle.
strategic asset for investors seeking steady rental income and long-term capital appreciation.
why invest?
with a total of 106 residential units and additional office spaces, this estate offers a versatile investment opportunity in one of abuja's fastest-developing districts. it is ideal for investors looking to maximize consistent rental income streams while holding a property that appreciates steadily in value.
rough speculative analysis:
(note: rental value may be higher than speculated)
let's break it down based on katampe extension rental market trends (as of 2025). katampe extension is a prime and serene district, close to maitama, jahi, and wuse 2, so rental values are strong --- especially for compact units like studios and 1-bedrooms, which young professionals and small families prefer.
estimated rental values in katampe extension (per annum):
- studio apartments: ₦1.2m -- ₦1.8m
- 1-bedroom apartments: ₦2m -- ₦3m
rental projections for this estate (106 units):
- 63 studio apartments @ ₦1.5m avg = ₦94.5m/year
- 43 one-bedroom apartments @ ₦2.5m avg = ₦107.5m/year
- total projected rental income = ≈ ₦202m/year
(this excludes the 2 office spaces, which could fetch ₦3m -- ₦5m each depending on size and finish.)
roi snapshot:
- purchase price = ₦3b
- potential annual rental yield ≈ 6.5% -- 7%, which is considered very strong in abuja real estate.
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