237 garden city -- premier affordable housing investment in nairobi
exclusively marketed by mkaazi real estate ltd
location: garden city mixedโuse precinct, thika superhighway, nairobi
developer: mi vida homes (actis & shapoorjiโฏpallonji jv)
certifications: ifc edge green building standard
prime location & connectivity
address: within the 47โacre garden city development, directly adjacent to garden city mall
access:
5โฏkm off the thika superhighway (exitโฏ9) -- 20--30โฏmin to nairobi cbd, westlands, gigiri & kasarani
shuttle bus links to juliusโฏnyerereโฏway and jamesโฏgichuruโฏroad
surrounding infrastructure:
carrefour & nakumatt supermarkets, imax cinema, waterpark, restaurants
top schools (garden city, nova pioneer), clinics (medanta, zavara), and banking hubs
immediate access to public green spaces, jogging trails, and community gardens
project overview: affordable, sustainable & scalable
237 garden city delivers 640 thoughtfully designed units across four typologies---purposeโbuilt for urban affordability and strong investor returns:
unit type size (sqm) price (kes) typical rent (ksh/mo) gross yield (%)
standard studio 20 2,900,000 ~18,000 ~9.0
entry-level studios available from kesโฏ29,000/month (5-year rentโtoโown), or kesโฏ19,000/month over 20 years with deposit.
key amenities & value drivers
sustainable design
ifc edge certification reduces operational costs (energy, water)
solar water heating, rainwater harvesting, led lighting
resident-focused facilities
threeโacre landscaped community park with jogging trails
swimming pools, coโworking lounge, indoor/outdoor gym, clubhouse
children's play area, rooftop social terrace
security & infrastructure
cctv, biometric access, electric fencing
borehole water backup, standby generator, underground tanks
mixed-use synergy
onโsite retail, cafรฉs, banking, entertainment drive captive tenancy
direct link to garden city mall with imax theater, waterpark, dining
integrated transport hub reduces vacancy risk
investment rationale
high demand & low supply: affordable segment under-supplied; occupancy consistently above 90%
competitive yield & growth:
8--9% rental returns outperforming nairobi average (6--7%)
capital appreciation expected at 5--7% p.a., driven by thika corridor growth
developer credentials: mi vida homes has delivered over 1,200 units; backed by actis and shapoorji pallonji
liquidity & exit: easy resale via digital platforms (buyrentkenya, jumia house); frequent secondary buyer interest
incentives: affordable housing relief under kenyan law -- vat and stamp duty exemptions for first-time investors
๐งฎ financial models & payment flexibility
mortgage-based purchase: 90% financing via partner banks, 10% deposit
rentโtoโown structure:
5-year plan: ~kesโฏ29,000/month for studios
bulk-investor discounts available for โฅ5 units (up to 5%)
portfolio services: spv and syndication support for institutional investors; quarterly distributions possible
custom irr modeling and revenue projections provided on request.
schedule a viewing or request investment pack
reach out now to secure prime affordable housing units in nairobi's high-yield corridor. full investment documentation, financing options, and floor plans available.
mkaazi real estate ltd
nairobi affiliated office: suite a4, 51 lenana road, nairobi 00100, kenya
head office: lamu road, opposite seaview resort, malindi, kilifi 80200, kenya
237 garden city is positioned as the best-in-class affordable housing investment in nairobi---combining accessible pricing, sustainable design, reliable rental income, and strong resale potential.
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