Description

3-Storey Residential Building for Sale

Location: 22 Sherifatu Adunni Street, Ijegun-Egba, Satellite Town, Lagos

This well-structured three-storey residential building is strategically located in a serene and accessible part of Ijegun-Egba, Satellite Town, making it ideal for investment, rental income, or mixed residential use.

Property Composition

The building consists of a total of 14 residential units and ancillary facilities, thoughtfully distributed for functionality and privacy:

• 6 Units of One-Bedroom Flats

• 7 Units of Two-Bedroom Flats

• 1 Unit of Three-Bedroom Flat

• 1 Dedicated Security Post (Safecon)

Design & Accessibility

• Three (3) Staircases for efficient movement and safety:

  • Two staircases are positioned at the front

  • One staircase is located at the back

• Well-planned layout ensures ease of access for occupants across all floors.

Key Highlights

• Solid 3-storey structure suitable for high rental yield

• Ideal for residential letting, staff housing, or family apartments

• Located in a developing neighbourhood with good connectivity

• Secure design with a dedicated security post

Investment Value

With multiple apartment types within one property, this building offers diversified rental opportunities, making it a strong income-generating asset in Satellite Town.

Serious buyers and investors are encouraged to inspect.

Investor Selling Points (ROI-Focused)

1. Multiple Income Streams

With 14 rentable units comprising one-bedroom, two-bedroom, and three-bedroom flat, this property offers diversified rental income, reducing vacancy risk and ensuring steady cash flow.

2. High Rental Demand Location

Ijegun-Egba, Satellite Town is a high-density residential area with strong demand from:

• Working professionals

• Small families

• Business owners
  This supports consistent occupancy and minimal downtime between tenants.

3. Optimised Unit Mix for Maximum Yield

• One-bedroom and two-bedroom flats typically record faster letting cycles

• The single three-bedroom unit attracts higher-value tenants
  This mix enhances overall rental yield performance.

4. Efficient Building Design = Lower Maintenance Risk

• Three staircases (two front, one rear) improve safety, traffic flow, and tenant convenience

• Reduced wear and congestion translate to lower long-term maintenance costs

5. Security-Enhanced Property

A dedicated security post (Safecon) improves tenant confidence, reduces security incidents, and supports higher retention of rental value.

6. Strong Capital Appreciation Potential

Satellite Town continues to experience steady infrastructure growth, positioning the property for:

• Long-term capital appreciation

• Future resale at a premium

7. Ready-to-Generate Income

The building is suitable for immediate leasing, allowing investors to:

• Start earning rental income promptly

• Avoid long development or completion timelines

8. Ideal for Portfolio Expansion

This property is well-suited for:

• Buy-to-let investors

• Cooperative housing investors

• Real-estate portfolio diversification