What is the asking price for Signal Hill Studios?

Please use the contact form to get in touch with a broker and find out more about what this multifamily property has to offer.

What is the total size of Signal Hill Studios?

The property has a total square footage of 17,280 SF.

When was this property built?

Signal Hill Studios was built in 2023.

How many parking spaces are available at Signal Hill Studios?

Parking information for the property isn't currently listed. However, other nearby parking options include Burger King Parking, located 0.79 miles away , and Union Station Parking Garage, which is 0.87 miles away.

2950 Summit St, Kansas City, MO 64108

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Property Type Multi-Family
Property Size 17,280 SF
Units 48
Lot Size 1.75 Acre
Year Built 2023
Date Updated Jun 25, 2026

Description

Nestled in the vibrant heart of Kansas City, the area surrounding Signal Hill Studios offers a dynamic urban experience for residents. Within walking distance, the lively Crossroads Arts District beckons with its eclectic mix of galleries, shops, and trendy eateries. Just moments away, the iconic Power & Light District lights up the night with its renowned entertainment options. For a touch of nature, the beautifully landscaped Penn Valley Park provides a serene retreat, while the nearby National World War I Museum and Memorial offers a poignant glimpse into history. With its unbeatable location and array of attractions, the area surrounding the property is a prime destination for those seeking a multifamily/high-rise lifestyle in Kansas City.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.

Highlights

First-of-Its-Kind Construction — Durable, Sustainable, Low Maintenance – Kansas City's first shipping container multifamily project, proven and operating successfully since 2023.
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 across the street, and KC Streetcar access.
Rent Upside to Market – In-place rents average $902/month, with the property already having proven rents above $1,000.