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.
The 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
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
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.
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.
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
Request More Pictures and Video
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.
