Mixed-Use 16-Room Apartment Building with Shops for Sale – Obasa, Ibadan

Discover a rare investment opportunity in the bustling and highly accessible Obasa area, off Mokola–Sango Road, Ibadan. This mixed-use property features a well-structured 16-room apartment building combined with multiple shop spaces, offering a versatile setup that can generate steady and diversified rental income throughout the year. Its strategic location and multi-purpose design make it a valuable asset for investors seeking long-term returns in one of Ibadan’s busiest commercial corridors.

The building is designed to serve both residential and commercial needs, a significant advantage in a location known for its high population density and consistent human traffic. The 16 rooms can be rented out to individuals, students, or small families, depending on the preferred tenant structure. These rooms are ideal for residential accommodation, lodge-style rentals, or even conversions depending on the buyer’s future plans.

In addition to the residential units, the property includes shop spaces positioned for commercial use, making it suitable for businesses such as retail outlets, salons, mini-stores, printing shops, phone accessory shops, or service-based enterprises. The demand for commercial spaces along the Mokola–Sango axis remains strong due to the area’s vibrant economic activity and easy connectivity to other parts of the city.

The property comes with Survey and Agreement documents, giving interested buyers a clear ownership record and legal backing. Its location in Obasa provides a blend of residential calm and commercial viability, making it attractive for different categories of prospective tenants. Accessibility is a major highlight, as the property sits close to a major road network that links Mokola, Sango, Dugbe, Samonda, and University of Ibadan areas.

This building presents an excellent opportunity for investors looking to expand their real estate portfolio with a property capable of generating multiple streams of income. With its spacious layout, the buyer also has the option to renovate, remodel, or upgrade certain sections to increase its rental value. The structure itself is durable and designed with practicality in mind, ensuring it continues to serve efficiently for years to come.

At a selling price of ₦40,000,000, this mixed-use apartment building offers strong value considering its size, location, and income potential. Whether you are purchasing for rental business, commercial purposes, or future redevelopment, this property stands out as a strategic investment choice in Ibadan’s thriving real estate market.

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