Distress Sale: 6-Unit Income Generating Bungalow on Full Plot in New Oko Oba
Overview
An exceptional investment opportunity in the well-established and sought-after New Oko Oba. This distress sale features a solidly built bungalow comprising 6 residential units, strategically positioned on a full plot within a serene and secure estate.
The property consists of:
- 2 Units of 2-Bedroom Flats
- 1 Unit of Mini Flat
- 3 Units of Room Self-Contain Apartments
Sitting on approximately 545sqm (50ft by 119ft), this property offers excellent space utilization and strong rental income potential. Located in Phillip Majekodunmi Estate, a well-developed residential neighborhood with good road access and infrastructure, it is ideal for both investors and developers.
With land values in the estate ranging between ₦160M – ₦180M per plot, this property presents a rare opportunity to acquire below market value.
Key Features
- 6 Residential Units (Income Generating)
- Full Plot: 545sqm
- Functional Layout with Multiple Flat Types
- Located in a Gated & Developed Estate
- High Rental Demand Area
- Good Accessibility & Road Network
Land is suitable for
- Residential Development
Location
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