Property Overview
A rare opportunity to acquire a well-maintained income-generating residential property in a secure and fully developed area of Oyo Town, Oyo State, Nigeria.
Located at 127, Kosobo, Oyo Town, Oyo State, Nigeria, this property consists of two buildings on a large piece of land measuring approximately 55ft by 164ft. The buildings were constructed between 2014 and 2016 and have remained occupied and income-generating for approximately 10 years.
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This property is suitable for:
- Property investors seeking rental income
- Individuals looking for a multi-family residential property
- Buyers seeking long-term real estate appreciation
- Nigerians in the diaspora looking to own investment property in Nigeria
- Buyers searching for an income-generating property for sale in Oyo State
- Investors seeking a rental property for sale in Oyo Town
Asking Price
₦80 Million
Property Location
127, Kosobo, Oyo Town, Oyo State, Nigeria
Property Age
Approximately 10 Years
Land Size
55ft by 164ft
Number of Residential Units
5 Units
- 4 Units of 3 Bedroom Flats
- 1 Unit of 2 Bedroom Bungalow
Why This Property May Interest Investors
Unlike a standard residential house occupied by a single family, this property offers five residential units capable of generating rental income from multiple tenants.
For investors searching for an investment property for sale in Oyo Town or an income-generating property in Oyo State, this property offers an opportunity to combine recurring rental income with long-term capital appreciation.
Key investor advantages include:
- Five residential units within one compound
- Potential rental income from multiple tenants
- Large land size
- Fully developed neighborhood
- Stable electricity supply
- Tarred road access
- Good drainage infrastructure
- Secure environment
- Strong long-term ownership potential
Property Description
The property consists of a main building containing four spacious 3-bedroom flats and a separate 2-bedroom bungalow located within the same compound.
The buildings were designed for comfortable family living and rental purposes.
Main Building
The main building contains:
- Two 3-bedroom flats on the ground floor
- Two 3-bedroom flats on the upper floor
Total:
- 4 Units of 3 Bedroom Flats
Rear Building
The rear building consists of:
- 1 Unit of 2 Bedroom Bungalow
- Both bedrooms are ensuite
Property Features
The property includes the following features:
- Fully fenced compound
- Secured gated premises
- Spacious compound
- Parking space for approximately 6 to 8 vehicles
- Tiled floors throughout
- Tiled kitchens
- Tiled bathrooms
- Kitchen cabinets installed
- Functional drainage system
- Good accessibility
Location Advantages
This property enjoys several location advantages that make it attractive for both residential occupancy and investment purposes.
Tarred Road Access
The property is located on a well-tarred road, providing easy access throughout the year.
Good Drainage System
The area benefits from proper drainage infrastructure, reducing flooding concerns.
Stable Electricity Supply
The neighborhood enjoys relatively stable electricity compared to many surrounding areas.
Secure Environment
The location is known for its peaceful and secure residential environment.
Fully Developed Neighborhood
The area is already fully developed with residential properties and supporting infrastructure.
Limited Land Availability
One of the factors that may support long-term property value in this area is the limited availability of undeveloped land. Most of the neighborhood is already built up, making existing properties increasingly attractive to buyers and investors.
Investment Potential
This property is suitable for investors seeking recurring rental income and long-term capital appreciation.
Current Rental Market Rates
Rental rates within the area currently range between:
- ₦450,000 per annum
- ₦700,000 per annum
depending on property condition, unit type and tenancy arrangements.
Potential Annual Rental Income
Estimated annual rental income ranges between:
- ₦2,250,000
- ₦3,500,000
based on prevailing rental rates in the area.
Long-Term Value Potential
The location is fully developed with limited available land, making existing residential properties increasingly valuable over time.
For buyers looking for a residential investment property in Oyo Town, this property offers both rental income potential and the possibility of future appreciation.
Why This Property May Appeal To Nigerians In The Diaspora
Many Nigerians living abroad seek opportunities to invest in income-generating real estate in Nigeria without having to actively run a business.
This property may appeal to diaspora buyers because it offers:
- Multiple residential units
- Existing rental income potential
- Established residential neighborhood
- Large land size
- Secure environment
- Long-term ownership potential
For Nigerians in the diaspora seeking a property investment opportunity in Oyo State, this property offers a combination of rental income and long-term value.
Why This Property Stands Out
- Large land size of 55ft by 164ft
- Five residential units within one compound
- Income-generating property
- Approximately 10 years of occupancy history
- Secure environment
- Good road network
- Stable electricity supply
- Spacious parking area
- Suitable for investors and owner-occupiers
Property Investment Opportunity In Oyo Town, Oyo State
Finding a property that combines multiple residential units, rental income potential, a secure environment and a large land size is becoming increasingly difficult in many developed areas.
This property may be suitable for:
- Real estate investors
- Property developers
- Nigerians in the diaspora
- Buyers seeking rental income
- Families seeking a multi-unit residential property
Whether your objective is rental income, long-term appreciation or future redevelopment potential, this property deserves consideration.
Additional Pictures and Video Available
Only a featured image is displayed on this page.
Interested buyers can request:
- Additional property photographs
- Building interior photographs
- Compound photographs
- Property videos
- Inspection arrangements
via WhatsApp.
Contact Information
For enquiries, additional pictures, videos or physical inspection arrangements, please contact:
+2348101034999
Phone
+2348101034999
support@smsmobile24.com
Serious buyers only.
Written by Akindele Akinfenwa — Founder of Smsmobile24.com.
