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2950 Summit St
Kansas City, MO 64108
Signal Hill Studios · Multifamily Property For Sale
·
48 Units
Investment Highlights
- First-of-Its-Kind Construction — Durable, Sustainable, Low Maintenance – Kansas City's first shipping container multifamily project
- Rent Upside to Market – In-place rents average $902/month, with the property already having proven rents above $1,000.
- Individually Metered Electric — Lean Expense Structure – Tenant-paid electric and instant hot water minimize ownership's utility exposure.
- Midtown Location with Resident Amenities and Strong Access – Dog park, private patios/decks, Penn Valley Park
Executive Summary
Clemons Real Estate is pleased to present Signal Hill Studios, a 48-unit all-studio community at 2950 Summit St in Kansas City's Midtown corridor — delivered in 2023 and
the first shipping container multifamily development of its kind in Kansas City. Built to a modern micro-living concept with 360 SF floor plans, floor-to-ceiling windows, in-unit
laundry, and individually metered electric, the property carries a lean, low-maintenance operating profile. In-place rents average $902/month against a market of $995,
representing nearly $100/unit in monthly upside. Current NOI of $265,125 grows to a proforma of $350,712 as rents stabilize toward market. This is a rare opportunity to acquire
a newly built, one-of-a-kind asset at a below-replacement basis with meaningful, renovation-free upside ahead. First-of-Its-Kind Construction — Durable, Sustainable, Low Maintenance – Kansas City's first shipping container multifamily project, proven and operating successfully since 2023.
the first shipping container multifamily development of its kind in Kansas City. Built to a modern micro-living concept with 360 SF floor plans, floor-to-ceiling windows, in-unit
laundry, and individually metered electric, the property carries a lean, low-maintenance operating profile. In-place rents average $902/month against a market of $995,
representing nearly $100/unit in monthly upside. Current NOI of $265,125 grows to a proforma of $350,712 as rents stabilize toward market. This is a rare opportunity to acquire
a newly built, one-of-a-kind asset at a below-replacement basis with meaningful, renovation-free upside ahead. First-of-Its-Kind Construction — Durable, Sustainable, Low Maintenance – Kansas City's first shipping container multifamily project, proven and operating successfully since 2023.
Property Facts
| Sale Type | Investment | Lot Size | 0.09 AC |
| No. Units | 48 | Building Size | 48,000 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 2023 |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Building Class | B |
| Sale Type | Investment |
| No. Units | 48 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.09 AC |
| Building Size | 48,000 SF |
| No. Stories | 3 |
| Year Built | 2023 |
| Opportunity Zone |
Yes |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Views
- Patio
Site Amenities
- Courtyard
- Property Manager on Site
- Furnished Units Available
- Pet Play Area
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 48 | - | 360 |
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