2950 Summit St Kansas City, MO 64108

Building Details

Year Built

2023

Listing agency Clemons Real Estate q***@clemonsrealestate.com Show Phone

Listed by Quinn Hahs · License ##2022040834

Source Commercialcafe

Added: Apr 1 Updated: Jul 21 at 6:48PM Checked: Jul 21 at 6:48PM

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Investment Insights

Based on property information with market context.

Signal Hill Studios is a 48-unit, all-studio apartment community delivered in 2023. The property was built as the first shipping container multifamily development of its kind in Kansas City and follows a modern micro-living design with approximately 360 SF studio floor plans, floor-to-ceiling windows, in-unit laundry, and individually metered electric service.

The address is 2950 Summit St in Kansas City’s Midtown corridor. The surrounding area includes the Crossroads Arts District and the Power & Light District, with Penn Valley Park and the National World War I Museum and Memorial nearby.

For current operations, in-place rents average $902 per month against a stated market of $995, and the offering lists a current NOI of $265,125 with a pro forma NOI of $350,712 as rents stabilize toward market.

Key Highlights

• 48‑unit all‑studio community at 2950 Summit St in Kansas City’s Midtown corridor
• Delivered in 2023 with 360 SF studio floor plans and floor‑to‑ceiling windows
• In‑unit laundry in each studio and individually metered electric

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FAQs

What type of property is this?

Apartment building - Newly delivered 48-unit all-studio community built in 2023 with individually metered electric and in-unit laundry.

Where is this apartment building located?

The property is located at 2950 Summit St Kansas City, MO.

What are key features of this property?

This property features: 48‑unit all‑studio community at 2950 Summit St in Kansas City’s Midtown corridor; Delivered in 2023 with 360 SF studio floor plans and floor‑to‑ceiling windows; In‑unit laundry in each studio and individually metered electric