Key details

Title

Certificate of Occupancy, Receipt (Signed)

Toilets

4

Bedrooms

20

Agent Fee

₦ 5

Bathrooms

4

Condition

Fairly Used

Furnishing

Unfurnished

Listing by

Agent

Parking Space

true

Property Type

Block of Flats

Property size

464 sqm

Self Contained

Yes

Property Address

Odejayi, Cele Area, Apete

20-Bedroom Block of Flats for Sale in Ibadan Polytechnic Area Highlights

• Prime Location Near Institutions — Properties in this area are highly sought after due to their proximity to major educational institutions like Ibadan Polytechnic and the University of Ibadan. This offers excellent potential for student rentals and consistent demand.
• Multi-Unit Residential Property — A block of flats typically comprises multiple independent living units within a single building. This configuration is ideal for generating rental income from several tenants simultaneously.
• Potential for High Rental Yield — Given the student population and demand for accommodation near universities, properties like this often command strong rental yields. The multiple units amplify this potential.
• Property Documentation — The presence of a Certificate of Occupancy (C of O) and a signed receipt indicates that the property's ownership and transfer documentation are in progress or established. These are crucial for legal property transactions in Nigeria.
• Adequate Toilet Facilities — Having multiple toilet facilities is essential for a multi-unit dwelling to comfortably accommodate numerous residents and prevent congestion.
• Parking Availability — Dedicated parking space is a significant advantage, especially in densely populated areas or near educational institutions where vehicle ownership is common among students and staff.

Description

• Tenement building with 20 rooms (10 upstairs, 10 downstairs) on a 100ft x 50ft plot. • Features 4 shared bathrooms and a communal kitchen area. • Reliable well water supply available. • Located in Odejayi, Cele Area, Apete, a prime student rental location near The Polytechnic Ibadan. • Offers extra space for parking or potential future development. • Property is unfurnished and in fair condition, suitable for investment. • Documents including Certificate of Occupancy and signed receipt are available.

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