A one story tenement building(face 2 face setting) in Abule oja for sale with like 16rooms. Suitable for hostel accommodation, or a series of self contains and mini flats.
Asking price: 25million.
Title document: registered conveyance..

Call tosin on 08068872978 for more detais and inspection.

Brief story: Man "A" buys a property at lekki phase1 for 80million and rents it out for 5million, if he decides not to increase is rent, it will take him 16years to recover his capital back and with the current situation world wide, the purchasing power of a lot of people are diminishing

Man B, looks for a strategic location on the mainland, buys an old house with about 16rooms, overlooks the cosmetic error and pays 25million for it, he renovates with another 10m making is a total of 35million and rents each room out at 250k per annum multiplied by 16=4million, so even if he refuses to increase his rent for 10years, Mr B would alreay have recouped his investment back and with a little profit on top and will still be earning as much as Man A per annum from his 35million Naira investment...

This brief story is just to potray the possibilities that can be achieved in investing in this property..

The property is centered around by:
University of Lagos,
Yaba college of technology
Federal technical college
Federal college of education
and some....

A very Good room(with toilet/bath and kitchen within) in that location go for as much as 300k per annum depending on the finishing.

Food for thought: there are more people with 250k looking for a house than there are those with 5million.