It is a smart property investment strategy to look out for distressed sale property. This is because the profit on an investment property is made when you BUY at a good price to your advantage and then you sell out at a good price to your advantage or you rent it out to accumulate passive income for years.
The property I'm going to show below is one of the rare gems that can make you an instant 10% gain on your investment or 2.5% passive yearly rental income if you decide to hold on to it.
At best you can have both together on it when you rent it out for a period of time like 3 years. That would give you approximately 18% (₦25.2M) on your investment.
Warning: it is only a smart investment that will understand and grab this opportunity

PROPERTY DESCRIPTION
2 Storey building of 11 flats.
5 units of 2 bedrooms
6 units of 1 bedroom, with visitor's toilets, rooms all en-suite.
The building has its own transformer, a standby Mikano generator, underground water reservoir, 25,000 liters of water overhead steel storage, basement parking lot, the whole building has pop finishing, marble & tiles flooring, the compound is interlocked completely, the total size of the land is 1000sqm.
Price:
₦140M
Location:
Property is located directly behind FCDA housing scheme, close to Army Estate. Dutse Alhaji 1st gate. Abuja.

HOW TO MAKE 2.5% (₦3.4M)
When you rent out this apartment, you are going to rake in passive ₦3.4M yearly and when increases, your rent rate also increases- no stagnant fixation.
A 2 bedroom flat house rent goes for ₦850,000 in Dutse, let’s assume you make yours ₦850,000 for faster rent out. Multiply by 2 gives ₦1.6M. 1 bedroom mini flat goes for ₦350,000 in Dutse, let assume you make yours be ₦300,000 for faster patronage. Multiply this by 6, it equals ₦1.8M. This plus ₦1.6 gives ₦3.4M per annum! This is approximately 2.5% of the total cost.
The more you hold on to the property the more your gain will be.
HOW TO MAKE 10% GAIN (₦14M)
The property is worth more than %10 of its distressed value, now if you decide to sell it out at easy profit rate of %10 that will be ₦154M with a whooping ₦14M instant profit gain.

HOW TO MAKE 18% GAIN (₦25.2M)
At best you can have both together on it when you rent it out for a period of time like 3 years. That would give you approximately 18% (₦25.2M) on your investment.
Be a smart investor and act now!!

Disclaimer
The profit quoted above is not a promise or guarantee. It may be higher or lower depending on the expertise you hire and other factors. They are calculated figures based on the available rent rate at the location.