08060946534 • [email protected]
Luth Area, Mushin, Lagos
₦600,000 per annum
| Property Ref: 2810955 | Added On: 09 Apr 2025 | Last Updated: 13 Jun 2025 |
| Market Status: Available | Type: Self Contain (Single Rooms) | Toilets: 1 |
INVESTMENT OPPORTUNITY!
FOR LONG LEASE AT IDI-ARABA AROUND LUTH, MUSHIN
BUNGALOW COMPRISING:
A roomself (5units)
4.5million for 14years per unit
Mini flat (3units)
6.5m for 14years per unit
GUIDE TO CURRENT RENTAL VALUE:
A roomself- 600k per year
Mini flat- 900k per year.
NOTE: IT'S ALREADY TENANTED. JUST PAY & CONTINUE TO COLLECT YOUR YEARLY RENT.
600k x 14= 8.4m (N3.9m & above profit) per unit.
900k x 14= 12.6m (N6.1m & above profit) per unit.
