816-774-4250
2950 Summit St, Kansas City, MO for Sale
Apartments - FOR SALE
1/24
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2950 Summit St
Kansas City, MO 64108
Westside South


HIGHLIGHTS

  • First-of-Its-Kind Construction — Durable, Sustainable, Low Maintenance – Kansas City's first shipping container multifamily project
  • Individually Metered Electric — Lean Expense Structure – Tenant-paid electric and instant hot water minimize ownership's utility exposure.
  • Rent Upside to Market – In-place rents average $902/month, with the property already having proven rents above $1,000.
  • Midtown Location with Resident Amenities and Strong Access – Dog park, private patios/decks, Penn Valley Park

OVERVIEW

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.

FOR SALE DETAILS

PRICE

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# OF UNITS

48

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Signal Hill Studios

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2023

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,863 SF

ZONING

-

APN/PARCEL ID

29-910-10-06-00-0-00-000

ASK ABOUT THIS PROPERTY

Quinn HahsClemons Real EstateMore Info
816-774-4250

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Quinn HahsClemons Real EstateMore Info
816-774-4250

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.